Independence Trust CO Activity Q4 2004-Q4 2017

Q4 2017

			Value		Shares		↓ Weighting
HD	Buy	HOME DEPOT INC	$7,276,000	+16.0%	38,390	+0.1%	8.04%	+12.3%
CMCSA	Buy	COMCAST CORP NEWcl a	$4,900,000	+5.9%	122,374	+1.7%	5.41%	+2.4%
AAPL	Buy	APPLE INC	$4,574,000	+10.1%	27,028	+0.3%	5.05%	+6.6%
INTC	Buy	INTEL CORP	$4,319,000	+21.6%	93,597	+0.3%	4.77%	+17.6%
JNJ	Buy	JOHNSON & JOHNSON	$4,228,000	+7.6%	30,262	+0.1%	4.67%	+4.1%
WMT	Buy	WAL-MART STORES INC	$3,728,000	+26.8%	37,748	+0.3%	4.12%	+22.7%
T	Buy	AT&T INC	$2,940,000	+4.0%	75,610	+4.8%	3.25%	+0.7%
ABBV	Buy	ABBVIE INC	$2,533,000	+9.1%	26,193	+0.2%	2.80%	+5.6%
STI	Buy	SUNTRUST BKS INC	$2,027,000	+648.0%	31,387	+593.2%	2.24%	+624.6%
ITOT	Buy	ISHARES TRcore s&p ttl stk	$1,802,000	+13.7%	29,478	+7.2%	1.99%	+10.0%
IEFA	Buy	ISHARES TRcore msci eafe	$869,000	+19.7%	13,154	+16.3%	0.96%	+15.8%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$725,000	+7.2%	3,659	-0.8%	0.80%	+3.8%
AMZN	Buy	AMAZON.COM INC	$494,000	+29.0%	422	+6.0%	0.55%	+24.9%
ROST	Buy	ROSS STORES INC	$440,000	+53.8%	5,487	+23.7%	0.49%	+49.1%
LMT	Sell	LOCKHEED MARTIN CORP	$416,000	+3.0%	1,297	-0.4%	0.46%	-0.4%
NOC	Buy	NORTHROP GRUMMAN CORP	$370,000	+37.0%	1,205	+28.2%	0.41%	+32.8%
ODFL	Sell	OLD DOMINION FGHT LINES INC	$367,000	+18.8%	2,793	-0.5%	0.40%	+14.7%
FB	Sell	FACEBOOK INCcl a	$353,000	+2.9%	1,998	-0.4%	0.39%	-0.5%
MA	Sell	MASTERCARD INCORPORATEDcl a	$348,000	+6.7%	2,296	-0.5%	0.38%	+3.2%
AMLP	Sell	ALPS ETF TRalerian mlp	$344,000	-34.4%	31,386	-32.9%	0.38%	-36.5%
NEE	Sell	NEXTERA ENERGY INC	$333,000	+4.7%	2,132	-1.6%	0.37%	+1.4%
L100PS	Sell	ARCONIC INC	$327,000	+7.9%	12,000	-1.6%	0.36%	+4.3%
CME	Sell	CME GROUP INC	$305,000	+7.4%	2,087	-0.4%	0.34%	+4.0%
VALE	Buy	VALE S Aadr	$289,000	+43.8%	23,600	+18.0%	0.32%	+39.3%
MCHP	Sell	MICROCHIP TECHNOLOGY INC	$286,000	-2.7%	3,258	-0.5%	0.32%	-6.0%
MOS	Sell	MOSAIC CO NEW	$259,000	-20.6%	10,100	-33.1%	0.29%	-23.1%
AA	New	ALCOA CORP	$224,000	–	4,165	–	0.25%	–
APTV	New	APTIV PLC	$214,000	–	2,524	–	0.24%	–
RDSA	New	ROYAL DUTCH SHELL PLCspons adr a	$209,000	–	3,140	–	0.23%	–
SBUX	New	STARBUCKS CORP	$207,000	–	3,610	–	0.23%	–
PBR	Sell	PETROLEO BRASILEIRO SA PETROsponsored adr	$206,000	-31.6%	20,000	-33.3%	0.23%	-33.7%
LVS	New	LAS VEGAS SANDS CORP	$205,000	–	2,957	–	0.23%	–
CVX	New	CHEVRON CORP NEW	$204,000	–	1,627	–	0.22%	–
CCI	New	CROWN CASTLE INTL CORP NEW	$200,000	–	1,798	–	0.22%	–
PBRA	Sell	PETROLEO BRASILEIRO SA PETROsp adr non vtg	$197,000	-32.1%	20,000	-33.3%	0.22%	-34.1%
PPR	New	VOYA PRIME RATE TRsh ben int	$58,000	–	11,532	–	0.06%	–
BDJ	Exit	BLACKROCK ENHANCED EQT DIV T	$0	–	-10,408	–	-0.11%	–
LUMN	Exit	CENTURYLINK INC	$0	–	-10,000	–	-0.22%	–
GOVT	Exit	ISHARES TRus treasury etf	$0	–	-12,000	–	-0.35%	–
HEFA	Exit	ISHARES TRhdg msci eafe	$0	–	-39,846	–	-1.32%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-100,872	–	-2.78%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-56,692	–	-3.57%	–

Q3 2017

			Value		Shares		↓ Weighting
HD	Buy	HOME DEPOT INC	$6,270,000	+10.4%	38,340	+3.6%	7.16%	+6.1%
BA	Sell	BOEING CO	$4,656,000	+25.3%	18,315	-2.5%	5.31%	+20.4%
CMCSA	Sell	COMCAST CORP NEWcl a	$4,628,000	-1.4%	120,294	-0.3%	5.28%	-5.3%
MMM	Buy	3M CO	$4,487,000	+5.5%	21,378	+4.6%	5.12%	+1.3%
AAPL	Sell	APPLE INC	$4,153,000	+5.9%	26,950	-1.1%	4.74%	+1.7%
JNJ	Buy	JOHNSON & JOHNSON	$3,928,000	+1.4%	30,217	+3.2%	4.48%	-2.6%
WBA	Sell	WALGREENS BOOTS ALLIANCE INC	$3,847,000	-1.5%	49,823	-0.1%	4.39%	-5.3%
INTC	Sell	INTEL CORP	$3,553,000	+12.7%	93,337	-0.2%	4.06%	+8.2%
KO	Sell	COCA COLA CO	$3,310,000	-1.4%	73,564	-1.8%	3.78%	-5.3%
CL	Sell	COLGATE PALMOLIVE CO	$3,170,000	-1.8%	43,512	-0.1%	3.62%	-5.7%
WFC	Sell	WELLS FARGO & CO NEW	$3,127,000	-0.9%	56,692	-0.5%	3.57%	-4.8%
WMT	Sell	WAL-MART STORES INC	$2,940,000	+3.2%	37,628	-0.1%	3.36%	-0.9%
GE	Buy	GENERAL ELECTRIC CO	$2,439,000	-4.8%	100,872	+6.3%	2.78%	-8.6%
ABBV	Sell	ABBVIE INC	$2,322,000	+22.3%	26,133	-0.2%	2.65%	+17.5%
ADP	Sell	AUTOMATIC DATA PROCESSING IN	$1,846,000	+5.4%	16,884	-1.3%	2.11%	+1.2%
MDY	Sell	SPDR S&P MIDCAP 400 ETF TRutser1 s&pdcrp	$1,632,000	+1.7%	5,000	-1.0%	1.86%	-2.3%
ITOT	Buy	ISHARES TRcore s&p ttl stk	$1,585,000	+7.1%	27,495	+2.9%	1.81%	+2.9%
DWDP	New	DOWDUPONT INC	$1,060,000	–	15,315	–	1.21%	–
MRK	Sell	MERCK & CO INC	$929,000	-0.4%	14,513	-0.3%	1.06%	-4.3%
IEFA	Buy	ISHARES TRcore msci eafe	$726,000	+19.6%	11,310	+13.5%	0.83%	+15.0%
AGG	Sell	ISHARES TRcore us aggbd et	$642,000	-0.2%	5,855	-0.3%	0.73%	-4.1%
AMLP	Buy	ALPS ETF TRalerian mlp	$524,000	+81.9%	46,746	+93.9%	0.60%	+74.9%
GOOGL	Sell	GOOGLE INCcl a	$488,000	+0.4%	501	-4.2%	0.56%	-3.5%
SSL	Sell	SASOL LTDsponsored adr	$413,000	-26.1%	15,000	-25.0%	0.47%	-29.1%
LMT	Sell	LOCKHEED MARTIN CORP	$404,000	+4.7%	1,302	-6.3%	0.46%	+0.4%
JPM	Buy	JP MORGAN CHASE & CO	$392,000	+7.4%	4,101	+2.8%	0.45%	+3.0%
AMZN	Sell	AMAZON.COM INC	$383,000	-3.8%	398	-3.2%	0.44%	-7.6%
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$363,000	+1.7%	1,443	-2.3%	0.41%	-2.4%
FB	Sell	FACEBOOK INCcl a	$343,000	+7.2%	2,006	-5.3%	0.39%	+3.2%
MA	Sell	MASTERCARD INCORPORATEDcl a	$326,000	+8.3%	2,308	-7.0%	0.37%	+3.9%
NEE	Sell	NEXTERA ENERGY INC	$318,000	+1.3%	2,167	-3.3%	0.36%	-2.7%
ODFL	Sell	OLD DOMINION FGHT LINES INC	$309,000	+14.9%	2,808	-0.7%	0.35%	+10.3%
PBR	Sell	PETROLEO BRASILEIRO SA PETROsponsored adr	$301,000	-18.6%	30,000	-25.0%	0.34%	-21.8%
MCHP	Sell	MICROCHIP TECHNOLOGY INC	$294,000	+6.9%	3,274	-8.0%	0.34%	+2.8%
PBRA	Sell	PETROLEO BRASILEIRO SA PETROsp adr non vtg	$290,000	-2.7%	30,000	-25.0%	0.33%	-6.5%
PFE	Buy	PFIZER INC	$290,000	+14.2%	8,124	+7.6%	0.33%	+9.6%
ROST	Buy	ROSS STORES INC	$286,000	+13.0%	4,437	+1.1%	0.33%	+8.3%
CME	Sell	CME GROUP INC	$284,000	+4.8%	2,095	-3.3%	0.32%	+0.6%
STI	Sell	SUNTRUST BKS INC	$271,000	+2.7%	4,528	-2.8%	0.31%	-1.6%
NOC	Sell	NORTHROP GRUMMAN CORP	$270,000	-21.5%	940	-29.9%	0.31%	-24.7%
XOM	Sell	EXXON MOBIL CORP	$263,000	-15.4%	3,207	-16.6%	0.30%	-18.7%
IWM	New	ISHARES TRrussell 2000 etf	$256,000	–	1,725	–	0.29%	–
HON	Sell	HONEYWELL INTL INC	$255,000	-4.1%	1,802	-9.6%	0.29%	-7.9%
USB	Sell	US BANCORP DEL	$249,000	+2.5%	4,640	-0.8%	0.28%	-1.7%
DIS	Sell	DISNEY WALT CO	$244,000	-10.0%	2,477	-2.8%	0.28%	-13.4%
MKTX	Sell	MARKETAXESS HLDGS INC	$229,000	-9.8%	1,239	-2.1%	0.26%	-13.6%
DFJ	New	WISDOMTREE JAPANjp smallcp div	$213,000	–	2,845	–	0.24%	–
UNH	New	UNITED HEALTH GROUP INC	$200,000	–	1,023	–	0.23%	–
EW	Exit	EDWARDS LIFESCIENCES	$0	–	-1,738	–	-0.24%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-1,675	–	-0.26%	–
LVS	Exit	LAS VEGAS SANDS CORP	$0	–	-3,422	–	-0.26%	–
RDSA	Exit	ROYAL DUTCH SHELL PLCspons adr a	$0	–	-4,140	–	-0.26%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-3,772	–	-0.26%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-5,812	–	-0.56%	–
DOW	Exit	DOW CHEM CO	$0	–	-7,867	–	-0.59%	–

Q2 2017

			Value		Shares		↓ Weighting
HD	New	HOME DEPOT INC	$5,677,000	–	37,007	–	6.74%	–
CMCSA	New	COMCAST CORP NEWcl a	$4,695,000	–	120,654	–	5.58%	–
MMM	New	3M CO	$4,254,000	–	20,433	–	5.05%	–
AAPL	New	APPLE INC	$3,922,000	–	27,236	–	4.66%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$3,904,000	–	49,858	–	4.64%	–
JNJ	New	JOHNSON & JOHNSON	$3,874,000	–	29,286	–	4.60%	–
BA	New	BOEING CO	$3,716,000	–	18,790	–	4.42%	–
KO	New	COCA COLA CO	$3,358,000	–	74,899	–	3.99%	–
CL	New	COLGATE PALMOLIVE CO	$3,228,000	–	43,552	–	3.84%	–
WFC	New	WELLS FARGO & CO NEW	$3,156,000	–	56,972	–	3.75%	–
INTC	New	INTEL CORP	$3,154,000	–	93,523	–	3.75%	–
WMT	New	WAL-MART STORES INC	$2,850,000	–	37,653	–	3.39%	–
T	New	AT&T INC	$2,722,000	–	72,160	–	3.23%	–
MSFT	New	MICROSOFT CORP	$2,597,000	–	37,674	–	3.08%	–
GE	New	GENERAL ELECTRIC CO	$2,563,000	–	94,937	–	3.04%	–
ABT	New	ABBOTT LABS	$2,016,000	–	42,711	–	2.40%	–
ABBV	New	ABBVIE INC	$1,898,000	–	26,173	–	2.26%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$1,752,000	–	17,099	–	2.08%	–
MDY	New	SPDR S&P MIDCAP 400 ETF TRutser1 s&pdcrp	$1,604,000	–	5,050	–	1.91%	–
ITOT	New	ISHARES TRcore s&p ttl stk	$1,480,000	–	26,712	–	1.76%	–
AEP	New	AMERICAN ELEC PWR INC	$1,307,000	–	18,810	–	1.55%	–
HEFA	New	ISHARES TRhdg msci eafe	$1,132,000	–	39,846	–	1.34%	–
MRK	New	MERCK & CO INC	$933,000	–	14,563	–	1.11%	–
FSB	New	FRANKLIN FINL NETWORK INC	$694,000	–	16,820	–	0.82%	–
AGG	New	ISHARES TRcore us aggbd et	$643,000	–	5,875	–	0.76%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$625,000	–	3,689	–	0.74%	–
IEFA	New	ISHARES TRcore msci eafe	$607,000	–	9,964	–	0.72%	–
SSL	New	SASOL LTDsponsored adr	$559,000	–	20,000	–	0.66%	–
IEMG	New	ISHARES TRcore msci emkt	$541,000	–	10,809	–	0.64%	–
IUSV	New	ISHARES TRcore russell val	$529,000	–	10,389	–	0.63%	–
VXF	New	VANGUARD INDEX FDSextend mkt etf	$510,000	–	4,987	–	0.61%	–
DOW	New	DOW CHEM CO	$496,000	–	7,867	–	0.59%	–
GOOGL	New	GOOGLE INCcl a	$486,000	–	523	–	0.58%	–
DD	New	DU PONT E I DE NEMOURS & CO	$469,000	–	5,812	–	0.56%	–
NVS	New	NOVARTIS A Gsponsored adr	$452,000	–	5,419	–	0.54%	–
EEM	New	ISHARES TRmsci emg mkt etf	$432,000	–	10,430	–	0.51%	–
AMZN	New	AMAZON.COM INC	$398,000	–	411	–	0.47%	–
LMT	New	LOCKHEED MARTIN CORP	$386,000	–	1,389	–	0.46%	–
PBR	New	PETROLEO BRASILEIRO SA PETROsponsored adr	$370,000	–	40,000	–	0.44%	–
JPM	New	JP MORGAN CHASE & CO	$365,000	–	3,991	–	0.43%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$357,000	–	1,477	–	0.42%	–
MOS	New	MOSAIC CO NEW	$345,000	–	15,100	–	0.41%	–
NOC	New	NORTHROP GRUMMAN CORP	$344,000	–	1,340	–	0.41%	–
EFA	New	ISHARES TRmsci eafe etf	$339,000	–	5,201	–	0.40%	–
GOLD	New	BARRICK GOLD CORP	$326,000	–	20,500	–	0.39%	–
FB	New	FACEBOOK INCcl a	$320,000	–	2,119	–	0.38%	–
NEE	New	NEXTERA ENERGY INC	$314,000	–	2,241	–	0.37%	–
XOM	New	EXXON MOBIL CORP	$311,000	–	3,847	–	0.37%	–
GOVT	New	ISHARES TRus treasury etf	$303,000	–	12,000	–	0.36%	–
MA	New	MASTERCARD INCORPORATEDcl a	$301,000	–	2,481	–	0.36%	–
BG	New	BUNGE LIMITED	$298,000	–	4,000	–	0.35%	–
PBRA	New	PETROLEO BRASILEIRO SA PETROsp adr non vtg	$298,000	–	40,000	–	0.35%	–
AMLP	New	ALPS ETF TRalerian mlp	$288,000	–	24,106	–	0.34%	–
UTX	New	UNITED TECHNOLOGIES CORP	$287,000	–	2,350	–	0.34%	–
L100PS	New	ARCONIC INC	$276,000	–	12,200	–	0.33%	–
MCHP	New	MICROCHIP TECHNOLOGY INC	$275,000	–	3,559	–	0.33%	–
AGU	New	AGRIUM INC	$271,000	–	3,000	–	0.32%	–
DIS	New	DISNEY WALT CO	$271,000	–	2,549	–	0.32%	–
CME	New	CME GROUP INC	$271,000	–	2,167	–	0.32%	–
ODFL	New	OLD DOMINION FGHT LINES INC	$269,000	–	2,829	–	0.32%	–
HON	New	HONEYWELL INTL INC	$266,000	–	1,993	–	0.32%	–
STI	New	SUNTRUST BKS INC	$264,000	–	4,659	–	0.31%	–
PFE	New	PFIZER INC	$254,000	–	7,549	–	0.30%	–
MKTX	New	MARKETAXESS HLDGS INC	$254,000	–	1,265	–	0.30%	–
ROST	New	ROSS STORES INC	$253,000	–	4,389	–	0.30%	–
USB	New	US BANCORP DEL	$243,000	–	4,677	–	0.29%	–
LUMN	New	CENTURYLINK INC	$239,000	–	10,000	–	0.28%	–
SBUX	New	STARBUCKS CORP	$220,000	–	3,772	–	0.26%	–
RDSA	New	ROYAL DUTCH SHELL PLCspons adr a	$220,000	–	4,140	–	0.26%	–
LVS	New	LAS VEGAS SANDS CORP	$219,000	–	3,422	–	0.26%	–
XLF	New	SELECT SECTOR SPDR TRsbi int-finl	$217,000	–	8,800	–	0.26%	–
KMB	New	KIMBERLY CLARK CORP	$216,000	–	1,675	–	0.26%	–
IGM	New	ISHARES TRn amer tech etf	$209,000	–	1,446	–	0.25%	–
EW	New	EDWARDS LIFESCIENCES	$205,000	–	1,738	–	0.24%	–
AIA	New	ISHARES TRasia 50 etf	$205,000	–	3,593	–	0.24%	–
VALE	New	VALE S Aadr	$175,000	–	20,000	–	0.21%	–
BDJ	New	BLACKROCK ENHANCED EQT DIV T	$95,000	–	10,408	–	0.11%	–

Q4 2016

			Value		Shares		↓ Weighting
PPT	Exit	PUTNAM PREMIER INCOME TRsh ben int	$0	–	-10,274	–	-0.08%	–
BDJ	Exit	BLACKROCK ENHANCED EQT DIV T	$0	–	-11,538	–	-0.15%	–
AMLP	Exit	ALPS ETF TRalerian mlp	$0	–	-15,706	–	-0.33%	–
VNQ	Exit	VANGUARD INDEX FDSreit etf	$0	–	-2,364	–	-0.34%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-1,675	–	-0.34%	–
MKTX	Exit	MARKETAXESS HLDGS INC	$0	–	-1,287	–	-0.35%	–
USB	Exit	US BANCORP DEL	$0	–	-5,012	–	-0.35%	–
STI	Exit	SUNTRUST BKS INC	$0	–	-5,071	–	-0.36%	–
UNP	Exit	UNION PAC CORP	$0	–	-2,337	–	-0.37%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-2,350	–	-0.39%	–
ODFL	Exit	OLD DOMINION FGHT LINES INC	$0	–	-3,615	–	-0.41%	–
CME	Exit	CME GROUP INC	$0	–	-2,391	–	-0.41%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS L	$0	–	-9,330	–	-0.42%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-2,071	–	-0.44%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-3,593	–	-0.46%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-2,351	–	-0.47%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-1,376	–	-0.48%	–
CAG	Exit	CONAGRA FOODS INC	$0	–	-6,501	–	-0.50%	–
JPM	Exit	JP MORGAN CHASE & CO	$0	–	-4,591	–	-0.50%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-5,201	–	-0.50%	–
NWL	Exit	NEWELL BRANDS INC	$0	–	-5,916	–	-0.51%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-1,358	–	-0.53%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-1,515	–	-0.54%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-6,142	–	-0.54%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-2,966	–	-0.57%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-3,440	–	-0.57%	–
EZM	Exit	WISDOMTREE TRmdcp earn fund	$0	–	-4,070	–	-0.64%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-10,430	–	-0.64%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-5,054	–	-0.72%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-559	–	-0.74%	–
IUSV	Exit	ISHARES TRcore russell val	$0	–	-10,389	–	-0.78%	–
PFE	Exit	PFIZER INC	$0	–	-14,474	–	-0.80%	–
FSB	Exit	FRANKLIN FINL NETWORK INC	$0	–	-15,320	–	-0.94%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-4,235	–	-1.00%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-5,875	–	-1.08%	–
ABT	Exit	ABBOTT LABS	$0	–	-25,421	–	-1.76%	–
AEP	Exit	AMERICAN ELEC PWR INC	$0	–	-17,180	–	-1.80%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-14,922	–	-2.15%	–
ABBV	Exit	ABBVIE INC	$0	–	-24,403	–	-2.52%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-33,373	–	-3.14%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-27,370	–	-3.23%	–
MDY	Exit	SPDR S&P MIDCAP 400 ETF TRutser1 s&pdcrp	$0	–	-7,425	–	-3.43%	–
BA	Exit	BOEING CO	$0	–	-16,070	–	-3.46%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-50,945	–	-3.69%	–
KO	Exit	COCA COLA CO	$0	–	-54,268	–	-3.76%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-80,577	–	-3.90%	–
T	Exit	AT&T INC	$0	–	-60,987	–	-4.05%	–
AAPL	Exit	APPLE INC	$0	–	-23,779	–	-4.40%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-36,532	–	-4.43%	–
INTC	Exit	INTEL CORP	$0	–	-81,223	–	-5.02%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-27,328	–	-5.28%	–
MMM	Exit	3M CO	$0	–	-19,643	–	-5.66%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-44,503	–	-5.87%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-57,422	–	-6.23%	–
HD	Exit	HOME DEPOT INC	$0	–	-37,679	–	-7.94%	–

Q3 2016

			Value		Shares		↓ Weighting
HD	Sell	HOME DEPOT INC	$4,849,000	-5.6%	37,679	-6.3%	7.94%	+0.5%
WBA	Sell	WALGREENS BOOTS ALLIANCE INC	$3,588,000	-6.9%	44,503	-3.9%	5.87%	-0.9%
MMM	Buy	3M CO	$3,462,000	+5.6%	19,643	+5.0%	5.66%	+12.4%
JNJ	Buy	JOHNSON & JOHNSON	$3,228,000	+4.2%	27,328	+7.0%	5.28%	+10.9%
INTC	Sell	INTEL CORP	$3,066,000	+10.3%	81,223	-4.2%	5.02%	+17.4%
CL	Sell	COLGATE PALMOLIVE CO	$2,708,000	+0.8%	36,532	-0.4%	4.43%	+7.3%
AAPL	Sell	APPLE INC	$2,688,000	+14.7%	23,779	-3.0%	4.40%	+22.1%
T	Buy	AT&T INC	$2,477,000	-4.0%	60,987	+2.1%	4.05%	+2.2%
GE	Sell	GENERAL ELECTRIC CO	$2,386,000	-7.6%	80,577	-1.8%	3.90%	-1.7%
WFC	Sell	WELLS FARGO & CO NEW	$2,255,000	-22.1%	50,945	-16.8%	3.69%	-17.1%
BA	Sell	BOEING CO	$2,117,000	-1.6%	16,070	-3.0%	3.46%	+4.7%
MDY	Buy	SPDR S&P MIDCAP 400 ETF TRutser1 s&pdcrp	$2,096,000	+6.5%	7,425	+2.7%	3.43%	+13.4%
MSFT	Sell	MICROSOFT CORP	$1,922,000	+10.3%	33,373	-2.0%	3.14%	+17.4%
ADP	Sell	AUTOMATIC DATA PROCESSING IN	$1,316,000	-4.5%	14,922	-0.5%	2.15%	+1.6%
AEP	Sell	AMERICAN ELEC PWR INC	$1,103,000	-50.3%	17,180	-45.7%	1.80%	-47.1%
ABT	Sell	ABBOTT LABS	$1,075,000	+3.2%	25,421	-4.1%	1.76%	+9.8%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$612,000	-34.1%	4,235	-33.9%	1.00%	-29.9%
PFE	Buy	PFIZER INC	$490,000	-1.8%	14,474	+2.0%	0.80%	+4.6%
IUSV	Buy	ISHARES TRcore russell val	$479,000	+3.0%	10,389	+200.0%	0.78%	+9.7%
GOOGL	Sell	ALPHABET INCcap stk cl a	$449,000	-16.1%	559	-26.5%	0.74%	-10.7%
XOM	Sell	EXXON MOBIL CORP	$441,000	-82.6%	5,054	-81.3%	0.72%	-81.4%
MA	Buy	MASTERCARD INCORPORATEDcl a	$350,000	+48.9%	3,440	+28.7%	0.57%	+58.7%
HON	Sell	HONEYWELL INTL INC	$346,000	-44.2%	2,966	-44.3%	0.57%	-40.6%
SBUX	Sell	STARBUCKS CORP	$332,000	-14.2%	6,142	-9.4%	0.54%	-8.7%
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$328,000	-42.2%	1,515	-44.0%	0.54%	-38.4%
LMT	Sell	LOCKHEED MARTIN CORP	$326,000	-49.1%	1,358	-47.4%	0.53%	-45.9%
NWL	New	NEWELL BRANDS INC	$311,000	–	5,916	–	0.51%	–
CAG	Buy	CONAGRA FOODS INC	$306,000	+5.5%	6,501	+7.0%	0.50%	+12.3%
NOC	Buy	NORTHROP GRUMMAN CORP	$294,000	+47.0%	1,376	+52.7%	0.48%	+56.7%
NEE	Sell	NEXTERA ENERGY INC	$288,000	-24.0%	2,351	-19.1%	0.47%	-19.2%
SLB	New	SCHLUMBERGER LTD	$283,000	–	3,593	–	0.46%	–
FB	Sell	FACEBOOK INCcl a	$266,000	-19.9%	2,071	-28.8%	0.44%	-14.7%
CME	New	CME GROUP INC	$250,000	–	2,391	–	0.41%	–
ODFL	New	OLD DOMINION FGHT LINES INC	$248,000	–	3,615	–	0.41%	–
UNP	New	UNION PAC CORP	$228,000	–	2,337	–	0.37%	–
STI	New	SUNTRUST BKS INC	$222,000	–	5,071	–	0.36%	–
USB	New	US BANCORP DEL	$215,000	–	5,012	–	0.35%	–
MKTX	New	MARKETAXESS HLDGS INC	$213,000	–	1,287	–	0.35%	–
VNQ	New	VANGUARD INDEX FDSreit etf	$205,000	–	2,364	–	0.34%	–
BDJ	Buy	BLACKROCK ENHANCED EQT DIV T	$91,000	+11.0%	11,538	+11.4%	0.15%	+18.3%
MMP	Exit	MAGELLAN MIDSTREAM PART LP	$0	–	-2,670	–	-0.31%	–
ROST	Exit	ROSS STORES INC	$0	–	-3,950	–	-0.34%	–
DD	Exit	E I DUPONT DE NEMOURS & CO	$0	–	-7,374	–	-0.74%	–
NVO	Exit	NOVO NORDISKadr	$0	–	-10,566	–	-0.87%	–

Q2 2016

			Value		Shares		↓ Weighting
HD	New	HOME DEPOT INC	$5,135,000	–	40,211	–	7.90%	–
WBA	New	WALGREEN BOOTS ALLIANCE INC	$3,855,000	–	46,298	–	5.93%	–
CMCSA	New	COMCAST CORP CLASS Aclass a	$3,743,000	–	57,422	–	5.76%	–
MMM	New	3M CO	$3,277,000	–	18,713	–	5.04%	–
JNJ	New	JOHNSON & JOHNSON	$3,097,000	–	25,534	–	4.76%	–
WFC	New	WELLS FARGO & CO	$2,896,000	–	61,202	–	4.45%	–
INTC	New	INTEL CORPORATION	$2,779,000	–	84,753	–	4.27%	–
CL	New	COLGATE PALMOLIVE COMPANY	$2,686,000	–	36,692	–	4.13%	–
GE	New	GENERAL ELECTRIC CO	$2,583,000	–	82,077	–	3.97%	–
T	New	AT&T INC	$2,579,000	–	59,705	–	3.96%	–
XOM	New	EXXON MOBIL CORP	$2,530,000	–	26,989	–	3.89%	–
KO	New	COCA COLA CO	$2,459,000	–	54,268	–	3.78%	–
AAPL	New	APPLE COMPUTER INC	$2,344,000	–	24,521	–	3.60%	–
AEP	New	AMERICAN ELECTRIC POWER	$2,218,000	–	31,650	–	3.41%	–
BA	New	BOEING CO	$2,151,000	–	16,560	–	3.31%	–
WMT	New	WAL-MART STORES INC	$1,999,000	–	27,370	–	3.07%	–
MDY	New	SPDR S&P MIDCAP 400 ETFustser1 s&pdcrp	$1,968,000	–	7,230	–	3.03%	–
MSFT	New	MICROSOFT CORPORATION	$1,742,000	–	34,047	–	2.68%	–
ABBV	New	ABBVIE INC	$1,511,000	–	24,403	–	2.32%	–
ADP	New	AUTOMATIC DATA PROCESSING INC	$1,378,000	–	14,997	–	2.12%	–
ABT	New	ABBOTT LABORATORIES	$1,042,000	–	26,501	–	1.60%	–
BRKB	New	BERKSHIRE HATHAWAY CL Bclass b	$928,000	–	6,410	–	1.43%	–
AGG	New	ISHARES TRcore us aggbd et	$662,000	–	5,875	–	1.02%	–
LMT	New	LOCKHEED MARTIN	$641,000	–	2,584	–	0.98%	–
HON	New	HONEYWELL INTL INC	$620,000	–	5,329	–	0.95%	–
NVO	New	NOVO NORDISKadr	$568,000	–	10,566	–	0.87%	–
SPY	New	SPDR S&p 500 ETF TRtr unit	$567,000	–	2,705	–	0.87%	–
GOOGL	New	ALPHABET INC.	$535,000	–	761	–	0.82%	–
PFE	New	PFIZER INC	$499,000	–	14,187	–	0.77%	–
FSB	New	FRANKLIN FINANCIAL NETWORK, INC.	$480,000	–	15,320	–	0.74%	–
DD	New	E I DUPONT DE NEMOURS & CO	$478,000	–	7,374	–	0.74%	–
IUSV	New	ISHARES TRcore us val etf	$465,000	–	3,463	–	0.72%	–
SBUX	New	STARBUCKS CORP	$387,000	–	6,777	–	0.60%	–
NEE	New	NEXTERA ENERGY	$379,000	–	2,905	–	0.58%	–
EZM	New	WISDOMTREE TRmdcp earn fund	$372,000	–	4,070	–	0.57%	–
EEM	New	ISHARES TRmsci emerging markets etf	$358,000	–	10,430	–	0.55%	–
FB	New	FACEBOOK INCclass a	$332,000	–	2,908	–	0.51%	–
EFA	New	ISHARES TRmsci eafe etf	$290,000	–	5,201	–	0.45%	–
CAG	New	CONAGRA FOODS INC	$290,000	–	6,075	–	0.45%	–
JPM	New	JP MORGAN CHASE & CO	$285,000	–	4,591	–	0.44%	–
EPD	New	ENTERPRISE PRODUCT PARTNERS LP	$273,000	–	9,330	–	0.42%	–
UTX	New	UNITED TECHNOLOGIES CORP	$241,000	–	2,350	–	0.37%	–
MA	New	MASTERCARD INCclass a	$235,000	–	2,673	–	0.36%	–
KMB	New	KIMBERLY-CLARK CORP	$230,000	–	1,675	–	0.35%	–
ROST	New	ROSS STORES INC	$224,000	–	3,950	–	0.34%	–
MMP	New	MAGELLAN MIDSTREAM PART LP	$203,000	–	2,670	–	0.31%	–
AMLP	New	ALPS ETF TRalerian mlp	$200,000	–	15,706	–	0.31%	–
NOC	New	NORTHROP GRUMMAN CORP.	$200,000	–	901	–	0.31%	–
BDJ	New	BLACKROCK ENHANCED EQUITY DIVIDEND	$82,000	–	10,358	–	0.13%	–
PPT	New	PUTNAM PREMIER INCOME TRUSTsh ben int	$48,000	–	10,274	–	0.07%	–

Q4 2015

			Value		Shares		↓ Weighting
CPRX	Exit	CATALYST PHARMACEUTICAL PARTNERS	$0	–	-28,000	–	-0.09%	–
EVF	Exit	EATON VANCE SENIOR INCOME	$0	–	-15,464	–	-0.09%	–
FTF	Exit	FRANKLIN LIMITED DURATION INCOME	$0	–	-10,001	–	-0.11%	–
BKT	Exit	BLACKROCK INC TR	$0	–	-18,621	–	-0.12%	–
JQC	Exit	NUVEEN MULTI STRATEGY INCOME & GROWTH	$0	–	-16,351	–	-0.13%	–
JFR	Exit	NOVEEN FLOAT RATE INC FD	$0	–	-13,016	–	-0.13%	–
MSP	Exit	MADISON STRATEGIC	$0	–	-15,149	–	-0.17%	–
MMT	Exit	MFS MULTIMARKET INCOME TRUST	$0	–	-34,263	–	-0.20%	–
RVT	Exit	ROYCE VALUE TRUST	$0	–	-18,235	–	-0.22%	–
MITT	Exit	AG MORTGAGE INVESTMENT TRUST REIT	$0	–	-13,985	–	-0.22%	–
DD	Exit	E I DUPONT DE NEMOURS & CO	$0	–	-4,459	–	-0.22%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-1,993	–	-0.22%	–
MGF	Exit	MPS GOVT MARKETS INC TRUST	$0	–	-40,441	–	-0.22%	–
ROST	Exit	ROSS STORES INC	$0	–	-4,490	–	-0.22%	–
TSN	Exit	TYSON FOODS INC CL A	$0	–	-5,520	–	-0.24%	–
CMG	Exit	CHIPOTLE MEXICAN GRILL	$0	–	-330	–	-0.24%	–
GSK	Exit	GLAXO SMITHKLINE PLC SPONSORED ADR	$0	–	-6,219	–	-0.24%	–
RTN	Exit	RAYTHEON COMPANY	$0	–	-2,200	–	-0.25%	–
BIIB	Exit	BIOGEN INC	$0	–	-829	–	-0.25%	–
SCHE	Exit	SCHWAB EMERGING MARKETS EQUITY ETF	$0	–	-12,128	–	-0.25%	–
NVS	Exit	NOVARTIS AG ADR	$0	–	-2,733	–	-0.26%	–
CSX	Exit	CSX CORP	$0	–	-9,600	–	-0.26%	–
NEE	Exit	NEXTERA ENERGY	$0	–	-2,684	–	-0.27%	–
JPM	Exit	JP MORGAN CHASE & CO	$0	–	-4,435	–	-0.28%	–
EMD	Exit	WESTERN ASSET EMERGING MKTS	$0	–	-20,564	–	-0.28%	–
BSL	Exit	BLACKSTONE GSO SENIOR FLOAT	$0	–	-17,627	–	-0.29%	–
EPD	Exit	ENTERPRISE PRODUCT PARTNERS LP	$0	–	-11,480	–	-0.29%	–
LYB	Exit	LYONDELLBASELL	$0	–	-3,430	–	-0.29%	–
EVG	Exit	EATON VANCE SHORT DUR DIV	$0	–	-21,721	–	-0.29%	–
MS	Exit	MORGAN STANLEY	$0	–	-9,147	–	-0.30%	–
VNQ	Exit	VANGUARD REIT VIPERS ETF	$0	–	-3,831	–	-0.30%	–
JLS	Exit	NOVEEN MORT OPP TERM FD	$0	–	-13,053	–	-0.30%	–
EZM	Exit	WISDOM TREE ETF	$0	–	-3,435	–	-0.30%	–
CVX	Exit	CHEVRONTEXACO CORP	$0	–	-3,770	–	-0.30%	–
EFA	Exit	ISHARES MSCI EAFE ETF	$0	–	-5,201	–	-0.31%	–
EVV	Exit	EATON VANCE LTD DURATION FD	$0	–	-24,094	–	-0.31%	–
MA	Exit	MASTERCARD INC CL A	$0	–	-3,395	–	-0.31%	–
NSL	Exit	NUVEEN SENIOR INC FD	$0	–	-53,602	–	-0.32%	–
F	Exit	FORD MOTOR COMPANY	$0	–	-23,893	–	-0.33%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-3,650	–	-0.33%	–
AMLP	Exit	ALERIAN MLP ETF	$0	–	-26,788	–	-0.34%	–
FSB	Exit	FRANKLIN FINANCIAL NETWORK, INC.	$0	–	-15,320	–	-0.35%	–
EEM	Exit	ISHARES MSCI EMERGING MARKETS ETF	$0	–	-10,430	–	-0.35%	–
PG	Exit	PROCTOR & GAMBLE	$0	–	-4,788	–	-0.35%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-3,594	–	-0.36%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-6,127	–	-0.36%	–
BHL	Exit	BLACKROCK DEF OPPORTUNITY	$0	–	-27,703	–	-0.37%	–
MRK	Exit	MERCK & CO INC NEW COM	$0	–	-7,916	–	-0.40%	–
DIS	Exit	WALT DISNEY CO	$0	–	-3,875	–	-0.41%	–
GOOGL	Exit	GOOGLE INC - CL A	$0	–	-633	–	-0.41%	–
IUSV	Exit	ISHARES RUSSELL 3000 VALUE	$0	–	-3,463	–	-0.43%	–
MCD	Exit	MCDONALDS CORP	$0	–	-4,287	–	-0.43%	–
FB	Exit	FACEBOOK INC	$0	–	-4,907	–	-0.45%	–
ETJ	Exit	EATON VANCE RISK-MANAGED DIVERSIFIED	$0	–	-47,155	–	-0.46%	–
MIN	Exit	MFS INTERMEDIATE INC TRUST	$0	–	-101,095	–	-0.47%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-10,590	–	-0.47%	–
SPY	Exit	S&P 500 DEPOSITORY RECEIPTS	$0	–	-2,540	–	-0.50%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-5,465	–	-0.53%	–
NFLX	Exit	NETFLIX INC	$0	–	-5,110	–	-0.54%	–
SPE	Exit	SPECIAL OPPORTUNITIES FUND	$0	–	-37,863	–	-0.55%	–
ZTR	Exit	ZWEIG TOTAL RETURN FUND	$0	–	-46,726	–	-0.55%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-34,400	–	-0.55%	–
TY	Exit	TRI-CONTINENTAL CORP	$0	–	-29,493	–	-0.59%	–
MCR	Exit	MFS CHARTER INCOME TRUST	$0	–	-82,205	–	-0.65%	–
AGG	Exit	ISHARES CORE US AGGREGATE BOND	$0	–	-5,875	–	-0.66%	–
NVO	Exit	NOVO NORDISK ADR	$0	–	-12,083	–	-0.67%	–
BDJ	Exit	BLACKROCK ENHANCED EQUITY DIVIDEND	$0	–	-101,323	–	-0.75%	–
TSI	Exit	TCW STRATEGIC INCOME FUND	$0	–	-143,787	–	-0.77%	–
DRA	Exit	DIVERSIFIED REAL ASSET INCOME	$0	–	-48,582	–	-0.80%	–
PPT	Exit	PUTNAM PREMIER INCOME TRUST	$0	–	-164,129	–	-0.82%	–
ACG	Exit	ALLIANCEBERNSTEIN INCOME FUND INC	$0	–	-105,228	–	-0.85%	–
BRKB	Exit	BERKSHIRE HATHAWAY CL B	$0	–	-6,573	–	-0.88%	–
LMT	Exit	LOCKHEED MARTIN	$0	–	-4,404	–	-0.94%	–
BTZ	Exit	BLACKROCK CREDIT ALLOCATION INCOME	$0	–	-79,786	–	-1.00%	–
GFY	Exit	WESTERN ASSET VARIABLE RATE	$0	–	-62,867	–	-1.00%	–
PFE	Exit	PFIZER INC	$0	–	-31,104	–	-1.00%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-24,728	–	-1.02%	–
ADP	Exit	AUTOMATIC DATA PROCESSING INC	$0	–	-16,157	–	-1.33%	–
ABBV	Exit	ABBVIE INC	$0	–	-24,643	–	-1.38%	–
TYG	Exit	TORTOISE ENERGY INFRASTRUCTURE	$0	–	-59,282	–	-1.65%	–
MDY	Exit	SPDR S&P MIDCAP 400 ETF	$0	–	-7,210	–	-1.84%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-25,240	–	-1.92%	–
MSFT	Exit	MICROSOFT CORPORATION	$0	–	-42,619	–	-1.94%	–
AEP	Exit	AMERICAN ELECTRIC POWER	$0	–	-34,550	–	-2.02%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-33,209	–	-2.21%	–
KO	Exit	COCA COLA CO	$0	–	-59,788	–	-2.46%	–
CL	Exit	COLGATE PALMOLIVE COMPANY	$0	–	-38,162	–	-2.48%	–
BA	Exit	BOEING CO	$0	–	-20,086	–	-2.70%	–
T	Exit	AT&T INC	$0	–	-81,977	–	-2.74%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-108,390	–	-2.80%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-32,306	–	-3.09%	–
AAPL	Exit	APPLE COMPUTER INC	$0	–	-27,739	–	-3.14%	–
INTC	Exit	INTEL CORPORATION	$0	–	-102,776	–	-3.18%	–
MMM	Exit	3M CO	$0	–	-21,900	–	-3.18%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-67,815	–	-3.57%	–
CMCSA	Exit	COMCAST CORP CLASS A	$0	–	-62,515	–	-3.65%	–
WBA	Exit	WALGREEN BOOTS ALLIANCE INC	$0	–	-49,428	–	-4.21%	–
HD	Exit	HOME DEPOT INC	$0	–	-43,752	–	-5.18%	–
KYN	Exit	KAYNE ANDERSON MLP INVESTMENT COMPANY	$0	–	-483,768	–	-11.50%	–

Q3 2015

			Value		Shares		↓ Weighting
KYN	Sell	KAYNE ANDERSON MLP INVESTMENT COMPANY	$11,214,000	-68.3%	483,768	-58.1%	11.50%	-51.8%
HD	Buy	HOME DEPOT INC	$5,053,000	+12.0%	43,752	+7.7%	5.18%	+70.5%
WBA	Sell	WALGREEN BOOTS ALLIANCE INC	$4,107,000	-1.7%	49,428	-0.2%	4.21%	+49.7%
CMCSA	Sell	COMCAST CORP CLASS A	$3,556,000	-5.6%	62,515	-0.2%	3.65%	+43.7%
WFC	Buy	WELLS FARGO & CO	$3,482,000	+4.9%	67,815	+14.9%	3.57%	+59.8%
MMM	Sell	3M CO	$3,105,000	-8.5%	21,900	-0.5%	3.18%	+39.3%
INTC	Sell	INTEL CORPORATION	$3,097,000	-11.6%	102,776	-10.8%	3.18%	+34.6%
AAPL	Buy	APPLE COMPUTER INC	$3,060,000	+41.9%	27,739	+61.3%	3.14%	+116.2%
JNJ	Sell	JOHNSON & JOHNSON	$3,016,000	-13.2%	32,306	-9.4%	3.09%	+32.2%
GE	Sell	GENERAL ELECTRIC CO	$2,732,000	-14.8%	108,390	-10.2%	2.80%	+29.8%
T	Sell	AT&T INC	$2,670,000	-17.4%	81,977	-9.9%	2.74%	+25.9%
BA	Buy	BOEING CO	$2,630,000	-3.7%	20,086	+2.0%	2.70%	+46.6%
CL	Sell	COLGATE PALMOLIVE COMPANY	$2,421,000	-4.8%	38,162	-1.8%	2.48%	+45.0%
KO	Sell	COCA COLA CO	$2,398,000	+0.8%	59,788	-1.5%	2.46%	+53.5%
WMT	Sell	WAL-MART STORES INC	$2,153,000	-12.7%	33,209	-4.5%	2.21%	+32.9%
AEP	Sell	AMERICAN ELECTRIC POWER	$1,964,000	+4.5%	34,550	-2.6%	2.02%	+59.3%
MSFT	Sell	MICROSOFT CORPORATION	$1,886,000	-21.0%	42,619	-21.1%	1.94%	+20.4%
XOM	Sell	EXXON MOBIL CORP	$1,877,000	-11.2%	25,240	-0.6%	1.92%	+35.3%
MDY	Buy	SPDR S&P MIDCAP 400 ETF	$1,794,000	+60.6%	7,210	+76.4%	1.84%	+144.7%
TYG	Sell	TORTOISE ENERGY INFRASTRUCTURE	$1,607,000	-82.0%	59,282	-75.5%	1.65%	-72.5%
ABBV	Sell	ABBVIE INC	$1,341,000	-20.3%	24,643	-1.6%	1.38%	+21.4%
ADP	Buy	AUTOMATIC DATA PROCESSING INC	$1,298,000	+3.9%	16,157	+3.8%	1.33%	+58.3%
ABT	Sell	ABBOTT LABORATORIES	$995,000	-19.3%	24,728	-1.6%	1.02%	+23.0%
PFE	Sell	PFIZER INC	$977,000	-22.4%	31,104	-17.2%	1.00%	+18.2%
GFY	Sell	WESTERN ASSET VARIABLE RATE	$976,000	-43.7%	62,867	-40.2%	1.00%	-14.3%
BTZ	Sell	BLACKROCK CREDIT ALLOCATION INCOME	$971,000	-50.3%	79,786	-48.2%	1.00%	-24.3%
LMT	Buy	LOCKHEED MARTIN	$913,000	+133.5%	4,404	+109.3%	0.94%	+256.3%
BRKB	Buy	BERKSHIRE HATHAWAY CL B	$857,000	+53.0%	6,573	+59.7%	0.88%	+133.2%
ACG	Sell	ALLIANCEBERNSTEIN INCOME FUND INC	$827,000	-40.5%	105,228	-43.7%	0.85%	-9.5%
PPT	Sell	PUTNAM PREMIER INCOME TRUST	$803,000	-48.4%	164,129	-46.2%	0.82%	-21.4%
DRA	Sell	DIVERSIFIED REAL ASSET INCOME	$781,000	-45.9%	48,582	-41.0%	0.80%	-17.6%
TSI	Sell	TCW STRATEGIC INCOME FUND	$748,000	-31.7%	143,787	-32.4%	0.77%	+4.1%
BDJ	Sell	BLACKROCK ENHANCED EQUITY DIVIDEND	$730,000	-40.6%	101,323	-34.2%	0.75%	-9.4%
NVO	Buy	NOVO NORDISK ADR	$655,000	+157.9%	12,083	+160.7%	0.67%	+293.0%
AGG	Buy	ISHARES CORE US AGGREGATE BOND	$644,000	+4.2%	5,875	+3.3%	0.66%	+58.9%
MCR	Sell	MFS CHARTER INCOME TRUST	$637,000	-47.7%	82,205	-42.9%	0.65%	-20.5%
TY	Sell	TRI-CONTINENTAL CORP	$575,000	-60.4%	29,493	-56.9%	0.59%	-39.6%
BAC	Buy	BANK OF AMERICA CORP	$536,000	-7.6%	34,400	+0.9%	0.55%	+40.7%
ZTR	Sell	ZWEIG TOTAL RETURN FUND	$534,000	-52.9%	46,726	-46.6%	0.55%	-28.2%
SPE	Sell	SPECIAL OPPORTUNITIES FUND	$533,000	-54.1%	37,863	-50.1%	0.55%	-30.0%
NFLX	Buy	NETFLIX INC	$528,000	+10.0%	5,110	+600.0%	0.54%	+67.8%
HON	Buy	HONEYWELL INTL INC	$517,000	+135.0%	5,465	+152.8%	0.53%	+258.1%
SPY	Buy	S&P 500 DEPOSITORY RECEIPTS	$487,000	-6.2%	2,540	+0.7%	0.50%	+42.9%
MIN	Sell	MFS INTERMEDIATE INC TRUST	$459,000	-36.2%	101,095	-35.1%	0.47%	-2.9%
ETJ	Sell	EATON VANCE RISK-MANAGED DIVERSIFIED	$453,000	-55.5%	47,155	-49.9%	0.46%	-32.1%
FB	Buy	FACEBOOK INC	$441,000	+101.4%	4,907	+92.3%	0.45%	+207.5%
GOOGL	New	GOOGLE INC - CL A	$404,000	–	633	–	0.41%	–
DIS	Buy	WALT DISNEY CO	$396,000	-0.3%	3,875	+11.5%	0.41%	+52.1%
MRK	Sell	MERCK & CO INC NEW COM	$391,000	-47.7%	7,916	-39.7%	0.40%	-20.3%
BHL	Sell	BLACKROCK DEF OPPORTUNITY	$358,000	-13.1%	27,703	-10.1%	0.37%	+32.5%
SBUX	New	STARBUCKS CORP	$348,000	–	6,127	–	0.36%	–
CVS	Buy	CVS HEALTH CORP	$347,000	+23.5%	3,594	+34.4%	0.36%	+88.4%
AMLP	Buy	ALERIAN MLP ETF	$334,000	-8.2%	26,788	+14.4%	0.34%	+40.0%
UTX	Buy	UNITED TECHNOLOGIES CORP	$325,000	-17.3%	3,650	+3.1%	0.33%	+25.7%
F	Buy	FORD MOTOR COMPANY	$324,000	-4.1%	23,893	+6.1%	0.33%	+45.6%
NSL	Sell	NUVEEN SENIOR INC FD	$317,000	-35.7%	53,602	-30.4%	0.32%	-2.1%
EVV	Sell	EATON VANCE LTD DURATION FD	$306,000	-59.9%	24,094	-57.5%	0.31%	-38.9%
EFA	Sell	ISHARES MSCI EAFE ETF	$298,000	-29.9%	5,201	-22.4%	0.31%	+7.0%
EZM	New	WISDOM TREE ETF	$295,000	–	3,435	–	0.30%	–
JLS	New	NOVEEN MORT OPP TERM FD	$292,000	–	13,053	–	0.30%	–
VNQ	Buy	VANGUARD REIT VIPERS ETF	$289,000	+29.6%	3,831	+28.3%	0.30%	+97.3%
MS	New	MORGAN STANLEY	$288,000	–	9,147	–	0.30%	–
EVG	Sell	EATON VANCE SHORT DUR DIV	$287,000	-56.2%	21,721	-54.2%	0.29%	-33.5%
EPD	Sell	ENTERPRISE PRODUCT PARTNERS LP	$286,000	-53.4%	11,480	-44.1%	0.29%	-29.2%
LYB	New	LYONDELLBASELL	$286,000	–	3,430	–	0.29%	–
BSL	Buy	BLACKSTONE GSO SENIOR FLOAT	$280,000	+61.8%	17,627	+74.5%	0.29%	+145.3%
EMD	Buy	WESTERN ASSET EMERGING MKTS	$274,000	+60.2%	20,564	+79.6%	0.28%	+144.3%
JPM	Sell	JP MORGAN CHASE & CO	$270,000	-59.4%	4,435	-54.8%	0.28%	-38.2%
NEE	New	NEXTERA ENERGY	$262,000	–	2,684	–	0.27%	–
CSX	Buy	CSX CORP	$258,000	-2.3%	9,600	+18.5%	0.26%	+48.9%
NVS	Sell	NOVARTIS AG ADR	$251,000	-58.6%	2,733	-55.7%	0.26%	-37.2%
SCHE	New	SCHWAB EMERGING MARKETS EQUITY ETF	$245,000	–	12,128	–	0.25%	–
BIIB	New	BIOGEN INC	$242,000	–	829	–	0.25%	–
RTN	Sell	RAYTHEON COMPANY	$240,000	-28.1%	2,200	-36.9%	0.25%	+9.3%
GSK	Sell	GLAXO SMITHKLINE PLC SPONSORED ADR	$239,000	-63.1%	6,219	-60.0%	0.24%	-43.8%
TSN	New	TYSON FOODS INC CL A	$238,000	–	5,520	–	0.24%	–
MGF	Sell	MPS GOVT MARKETS INC TRUST	$217,000	-36.2%	40,441	-35.7%	0.22%	-2.6%
DD	Sell	E I DUPONT DE NEMOURS & CO	$215,000	-64.5%	4,459	-52.9%	0.22%	-45.7%
RVT	Sell	ROYCE VALUE TRUST	$210,000	-66.1%	18,235	-59.4%	0.22%	-48.4%
MMT	Sell	MFS MULTIMARKET INCOME TRUST	$192,000	-52.2%	34,263	-48.2%	0.20%	-27.3%
MSP	Sell	MADISON STRATEGIC	$162,000	-46.9%	15,149	-41.9%	0.17%	-19.0%
JFR	New	NOVEEN FLOAT RATE INC FD	$131,000	–	13,016	–	0.13%	–
JQC	Sell	NUVEEN MULTI STRATEGY INCOME & GROWTH	$130,000	-27.4%	16,351	-21.3%	0.13%	+9.9%
BKT	Sell	BLACKROCK INC TR	$117,000	-41.8%	18,621	-41.5%	0.12%	-11.1%
FTF	Sell	FRANKLIN LIMITED DURATION INCOME	$109,000	-28.3%	10,001	-23.6%	0.11%	+9.8%
EVF	Sell	EATON VANCE SENIOR INCOME	$91,000	-45.5%	15,464	-42.4%	0.09%	-17.0%
CPRX	New	CATALYST PHARMACEUTICAL PARTNERS	$84,000	–	28,000	–	0.09%	–
SID	Exit	CIA SIDERURGICA NACL ADR	$0	–	-28,200	–	-0.03%	–
USA	Exit	LIBERTY ALL-STAR EQUITY FUND	$0	–	-12,737	–	-0.05%	–
MSD	Exit	MORGAN STANLEY EMERGING MARKET DEBT FUND	$0	–	-15,487	–	-0.09%	–
JMM	Exit	NUVEEN MULTI-MARKET INCOME	$0	–	-20,994	–	-0.10%	–
NLY	Exit	ANNALY CAPITAL MANAGEMENT REIT	$0	–	-17,710	–	-0.11%	–
ERF	Exit	ENERPLUS CORP	$0	–	-20,960	–	-0.12%	–
KMI	Exit	KINDER MORGAN INC	$0	–	-5,202	–	-0.14%	–
RY	Exit	ROYAL BANK OF CANADA	$0	–	-3,461	–	-0.14%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-1,916	–	-0.15%	–
CAT	Exit	CATERPILLAR INC	$0	–	-2,657	–	-0.15%	–
DVY	Exit	ISHARES DJ SELECT DIVIDEND	$0	–	-2,997	–	-0.15%	–
COST	Exit	COSTCO WHSL CORP	$0	–	-1,700	–	-0.16%	–
SDS	Exit	ULTRASHORT S&P 500	$0	–	-11,554	–	-0.16%	–
EGF	Exit	BLACKROCK ENHANCED GOVT FD	$0	–	-19,482	–	-0.18%	–
TTE	Exit	TOTAL S.A.	$0	–	-5,645	–	-0.19%	–
IGSB	Exit	ISHARES 1-3 YEAR CREDIT BD	$0	–	-2,680	–	-0.19%	–
VWO	Exit	VANGUARD MSCI EMERGING MARKETS	$0	–	-7,179	–	-0.20%	–
VOD	Exit	VODAFONE GROUP PLC NEW ADR	$0	–	-8,006	–	-0.20%	–
BCE	Exit	BCE, INC.	$0	–	-6,970	–	-0.20%	–
MWE	Exit	MARKWEST ENERGY PARTNERS LP	$0	–	-5,685	–	-0.22%	–
HMC	Exit	HONDA MOTOR COM LTD	$0	–	-10,520	–	-0.23%	–
UBS	Exit	UBS GROUP ADR	$0	–	-16,345	–	-0.23%	–
HSBC	Exit	HSBC HOLDINGS PLC ADR	$0	–	-7,965	–	-0.24%	–
ING	Exit	ING GROEP NV SPONSORED ADR	$0	–	-22,550	–	-0.25%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-6,725	–	-0.28%	–
UN	Exit	UNILEVER NV NY SHARE	$0	–	-10,240	–	-0.29%	–
MFC	Exit	MANULIFE FINANCIAL CORP	$0	–	-23,015	–	-0.29%	–
BTI	Exit	BRITISH AMERICAN TOBACCO ADR	$0	–	-3,990	–	-0.29%	–
NTTYY	Exit	NIPPON TELEGRAPH & TELEPHONEADR	$0	–	-12,645	–	-0.31%	–
SNY	Exit	SANOFI-AVENTIS-ADR	$0	–	-9,480	–	-0.32%	–
MO	Exit	ALTRIA GROUP, INC.	$0	–	-10,205	–	-0.34%	–
LLY	Exit	ELI LILLY & CO	$0	–	-6,420	–	-0.36%	–

Q2 2015

			Value		Shares		↓ Weighting
KYN	New	KAYNE ANDERSON MLP INVESTMENT COMPANY	$35,422,000	–	1,154,582	–	23.86%	–
TYG	New	TORTOISE ENERGY INFRASTRUCTURE	$8,914,000	–	241,577	–	6.00%	–
HD	New	HOME DEPOT INC	$4,513,000	–	40,611	–	3.04%	–
WBA	New	WALGREEN BOOTS ALLIANCE INC	$4,180,000	–	49,508	–	2.82%	–
CMCSA	New	COMCAST CORP CLASS A	$3,768,000	–	62,670	–	2.54%	–
INTC	New	INTEL CORPORATION	$3,505,000	–	115,254	–	2.36%	–
JNJ	New	JOHNSON & JOHNSON	$3,476,000	–	35,667	–	2.34%	–
MMM	New	3M CO	$3,395,000	–	22,000	–	2.29%	–
WFC	New	WELLS FARGO & CO	$3,318,000	–	59,000	–	2.24%	–
T	New	AT&T INC	$3,231,000	–	90,962	–	2.18%	–
GE	New	GENERAL ELECTRIC CO	$3,206,000	–	120,695	–	2.16%	–
BA	New	BOEING CO	$2,732,000	–	19,696	–	1.84%	–
CL	New	COLGATE PALMOLIVE COMPANY	$2,542,000	–	38,872	–	1.71%	–
WMT	New	WAL-MART STORES INC	$2,466,000	–	34,763	–	1.66%	–
MSFT	New	MICROSOFT CORPORATION	$2,386,000	–	54,047	–	1.61%	–
KO	New	COCA COLA CO	$2,380,000	–	60,693	–	1.60%	–
AAPL	New	APPLE COMPUTER INC	$2,156,000	–	17,194	–	1.45%	–
XOM	New	EXXON MOBIL CORP	$2,113,000	–	25,400	–	1.42%	–
BTZ	New	BLACKROCK CREDIT ALLOCATION INCOME	$1,952,000	–	154,060	–	1.32%	–
AEP	New	AMERICAN ELECTRIC POWER	$1,879,000	–	35,470	–	1.26%	–
GFY	New	WESTERN ASSET VARIABLE RATE	$1,735,000	–	105,172	–	1.17%	–
ABBV	New	ABBVIE INC	$1,683,000	–	25,043	–	1.13%	–
PPT	New	PUTNAM PREMIER INCOME TRUST	$1,556,000	–	305,173	–	1.05%	–
TY	New	TRI-CONTINENTAL CORP	$1,451,000	–	68,501	–	0.98%	–
DRA	New	DIVERSIFIED REAL ASSET INCOME	$1,443,000	–	82,294	–	0.97%	–
ACG	New	ALLIANCEBERNSTEIN INCOME FUND INC	$1,391,000	–	186,978	–	0.94%	–
PFE	New	PFIZER INC	$1,259,000	–	37,559	–	0.85%	–
ADP	New	AUTOMATIC DATA PROCESSING INC	$1,249,000	–	15,572	–	0.84%	–
ABT	New	ABBOTT LABORATORIES	$1,233,000	–	25,128	–	0.83%	–
BDJ	New	BLACKROCK ENHANCED EQUITY DIVIDEND	$1,228,000	–	153,887	–	0.83%	–
MCR	New	MFS CHARTER INCOME TRUST	$1,219,000	–	143,877	–	0.82%	–
SPE	New	SPECIAL OPPORTUNITIES FUND	$1,160,000	–	75,900	–	0.78%	–
ZTR	New	ZWEIG TOTAL RETURN FUND	$1,133,000	–	87,570	–	0.76%	–
MDY	New	SPDR S&P MIDCAP 400 ETF	$1,117,000	–	4,088	–	0.75%	–
TSI	New	TCW STRATEGIC INCOME FUND	$1,095,000	–	212,576	–	0.74%	–
ETJ	New	EATON VANCE RISK-MANAGED DIVERSIFIED	$1,017,000	–	94,096	–	0.68%	–
EVV	New	EATON VANCE LTD DURATION FD	$763,000	–	56,667	–	0.51%	–
MRK	New	MERCK & CO INC NEW COM	$747,000	–	13,121	–	0.50%	–
MIN	New	MFS INTERMEDIATE INC TRUST	$720,000	–	155,739	–	0.48%	–
JPM	New	JP MORGAN CHASE & CO	$665,000	–	9,815	–	0.45%	–
EVG	New	EATON VANCE SHORT DUR DIV	$656,000	–	47,383	–	0.44%	–
GSK	New	GLAXO SMITHKLINE PLC SPONSORED ADR	$647,000	–	15,540	–	0.44%	–
RVT	New	ROYCE VALUE TRUST	$619,000	–	44,887	–	0.42%	–
AGG	New	ISHARES CORE US AGGREGATE BOND	$618,000	–	5,685	–	0.42%	–
EPD	New	ENTERPRISE PRODUCT PARTNERS LP	$614,000	–	20,540	–	0.41%	–
NVS	New	NOVARTIS AG ADR	$607,000	–	6,168	–	0.41%	–
DD	New	E I DUPONT DE NEMOURS & CO	$605,000	–	9,459	–	0.41%	–
BAC	New	BANK OF AMERICA CORP	$580,000	–	34,087	–	0.39%	–
BRKB	New	BERKSHIRE HATHAWAY CL B	$560,000	–	4,115	–	0.38%	–
LLY	New	ELI LILLY & CO	$536,000	–	6,420	–	0.36%	–
SPY	New	S&P 500 DEPOSITORY RECEIPTS	$519,000	–	2,523	–	0.35%	–
MO	New	ALTRIA GROUP, INC.	$499,000	–	10,205	–	0.34%	–
VZ	New	VERIZON COMMUNICATIONS	$494,000	–	10,590	–	0.33%	–
NSL	New	NUVEEN SENIOR INC FD	$493,000	–	77,037	–	0.33%	–
NFLX	New	NETFLIX INC	$480,000	–	730	–	0.32%	–
SNY	New	SANOFI-AVENTIS-ADR	$469,000	–	9,480	–	0.32%	–
IUSV	New	ISHARES RUSSELL 3000 VALUE	$467,000	–	3,463	–	0.32%	–
NTTYY	New	NIPPON TELEGRAPH & TELEPHONEADR	$459,000	–	12,645	–	0.31%	–
BTI	New	BRITISH AMERICAN TOBACCO ADR	$432,000	–	3,990	–	0.29%	–
UN	New	UNILEVER NV NY SHARE	$428,000	–	10,240	–	0.29%	–
MFC	New	MANULIFE FINANCIAL CORP	$428,000	–	23,015	–	0.29%	–
EFA	New	ISHARES MSCI EAFE ETF	$425,000	–	6,701	–	0.29%	–
EEM	New	ISHARES MSCI EMERGING MARKETS ETF	$413,000	–	10,430	–	0.28%	–
COP	New	CONOCOPHILLIPS	$413,000	–	6,725	–	0.28%	–
BHL	New	BLACKROCK DEF OPPORTUNITY	$412,000	–	30,805	–	0.28%	–
MCD	New	MCDONALDS CORP	$408,000	–	4,287	–	0.28%	–
MMT	New	MFS MULTIMARKET INCOME TRUST	$402,000	–	66,168	–	0.27%	–
DIS	New	WALT DISNEY CO	$397,000	–	3,475	–	0.27%	–
UTX	New	UNITED TECHNOLOGIES CORP	$393,000	–	3,540	–	0.26%	–
LMT	New	LOCKHEED MARTIN	$391,000	–	2,104	–	0.26%	–
PG	New	PROCTOR & GAMBLE	$375,000	–	4,788	–	0.25%	–
ING	New	ING GROEP NV SPONSORED ADR	$374,000	–	22,550	–	0.25%	–
CVX	New	CHEVRONTEXACO CORP	$364,000	–	3,770	–	0.24%	–
AMLP	New	ALERIAN MLP ETF	$364,000	–	23,424	–	0.24%	–
HSBC	New	HSBC HOLDINGS PLC ADR	$357,000	–	7,965	–	0.24%	–
FSB	New	FRANKLIN FINANCIAL NETWORK, INC.	$351,000	–	15,320	–	0.24%	–
UBS	New	UBS GROUP ADR	$347,000	–	16,345	–	0.23%	–
HMC	New	HONDA MOTOR COM LTD	$341,000	–	10,520	–	0.23%	–
MGF	New	MPS GOVT MARKETS INC TRUST	$340,000	–	62,919	–	0.23%	–
F	New	FORD MOTOR COMPANY	$338,000	–	22,515	–	0.23%	–
RTN	New	RAYTHEON COMPANY	$334,000	–	3,487	–	0.22%	–
MWE	New	MARKWEST ENERGY PARTNERS LP	$321,000	–	5,685	–	0.22%	–
MA	New	MASTERCARD INC CL A	$317,000	–	3,395	–	0.21%	–
MSP	New	MADISON STRATEGIC	$305,000	–	26,091	–	0.20%	–
BCE	New	BCE, INC.	$296,000	–	6,970	–	0.20%	–
VWO	New	VANGUARD MSCI EMERGING MARKETS	$293,000	–	7,179	–	0.20%	–
VOD	New	VODAFONE GROUP PLC NEW ADR	$292,000	–	8,006	–	0.20%	–
IGSB	New	ISHARES 1-3 YEAR CREDIT BD	$282,000	–	2,680	–	0.19%	–
CVS	New	CVS HEALTH CORP	$281,000	–	2,675	–	0.19%	–
TTE	New	TOTAL S.A.	$277,000	–	5,645	–	0.19%	–
EGF	New	BLACKROCK ENHANCED GOVT FD	$264,000	–	19,482	–	0.18%	–
CSX	New	CSX CORP	$264,000	–	8,100	–	0.18%	–
NVO	New	NOVO NORDISK ADR	$254,000	–	4,635	–	0.17%	–
SDS	New	ULTRASHORT S&P 500	$243,000	–	11,554	–	0.16%	–
MITT	New	AG MORTGAGE INVESTMENT TRUST REIT	$242,000	–	13,985	–	0.16%	–
COST	New	COSTCO WHSL CORP	$230,000	–	1,700	–	0.16%	–
CAT	New	CATERPILLAR INC	$225,000	–	2,657	–	0.15%	–
DVY	New	ISHARES DJ SELECT DIVIDEND	$225,000	–	2,997	–	0.15%	–
GILD	New	GILEAD SCIENCES INC	$224,000	–	1,916	–	0.15%	–
VNQ	New	VANGUARD REIT VIPERS ETF	$223,000	–	2,986	–	0.15%	–
HON	New	HONEYWELL INTL INC	$220,000	–	2,162	–	0.15%	–
FB	New	FACEBOOK INC	$219,000	–	2,552	–	0.15%	–
ROST	New	ROSS STORES INC	$218,000	–	4,490	–	0.15%	–
RY	New	ROYAL BANK OF CANADA	$212,000	–	3,461	–	0.14%	–
KMB	New	KIMBERLY-CLARK CORP	$211,000	–	1,993	–	0.14%	–
CMG	New	CHIPOTLE MEXICAN GRILL	$200,000	–	330	–	0.14%	–
BKT	New	BLACKROCK INC TR	$201,000	–	31,816	–	0.14%	–
KMI	New	KINDER MORGAN INC	$200,000	–	5,202	–	0.14%	–
ERF	New	ENERPLUS CORP	$184,000	–	20,960	–	0.12%	–
JQC	New	NUVEEN MULTI STRATEGY INCOME & GROWTH	$179,000	–	20,765	–	0.12%	–
BSL	New	BLACKSTONE GSO SENIOR FLOAT	$173,000	–	10,104	–	0.12%	–
EMD	New	WESTERN ASSET EMERGING MKTS	$171,000	–	11,447	–	0.12%	–
EVF	New	EATON VANCE SENIOR INCOME	$167,000	–	26,849	–	0.11%	–
NLY	New	ANNALY CAPITAL MANAGEMENT REIT	$163,000	–	17,710	–	0.11%	–
FTF	New	FRANKLIN LIMITED DURATION INCOME	$152,000	–	13,082	–	0.10%	–
JMM	New	NUVEEN MULTI-MARKET INCOME	$151,000	–	20,994	–	0.10%	–
MSD	New	MORGAN STANLEY EMERGING MARKET DEBT FUND	$140,000	–	15,487	–	0.09%	–
USA	New	LIBERTY ALL-STAR EQUITY FUND	$73,000	–	12,737	–	0.05%	–
SID	New	CIA SIDERURGICA NACL ADR	$46,000	–	28,200	–	0.03%	–

Q4 2014

			Value		Shares		↓ Weighting
USA	Exit	LIBERTY ALL-STAR EQUITY FUND	$0	–	-12,737	–	-0.05%	–
SID	Exit	CIA SIDERURGICA NACL ADR	$0	–	-28,200	–	-0.07%	–
MIN	Exit	MFS INTERMEDIATE INC TRUST	$0	–	-30,361	–	-0.10%	–
FCT	Exit	FIRST TRUST FOUR CORNERS	$0	–	-12,599	–	-0.11%	–
SPXX	Exit	NUVEEN EQUITY PREM & GROWTH	$0	–	-13,011	–	-0.12%	–
NLY	Exit	ANNALY CAPITAL MANAGEMENT REIT	$0	–	-17,710	–	-0.12%	–
JQC	Exit	NUVEEN MULTI STRATEGY INCOME & GROWTH	$0	–	-21,987	–	-0.13%	–
CSX	Exit	CSX CORP	$0	–	-6,250	–	-0.13%	–
HON	Exit	HONEYWELL INTL INC COMMON STOCK	$0	–	-2,162	–	-0.13%	–
FB	Exit	FACEBOOK INC	$0	–	-2,597	–	-0.14%	–
BHP	Exit	BHP BILLITON LTD ADR	$0	–	-3,515	–	-0.14%	–
BIIB	Exit	BIOGEN IDEC INC	$0	–	-631	–	-0.14%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-1,976	–	-0.14%	–
EOG	Exit	EOG RES INC	$0	–	-2,133	–	-0.14%	–
CVS	Exit	CVS CAREMARK CORP	$0	–	-2,675	–	-0.14%	–
BA	Exit	BOEING CO	$0	–	-1,670	–	-0.14%	–
COST	Exit	COSTCO WHSL CORP	$0	–	-1,700	–	-0.14%	–
NVO	Exit	NOVO NORDISK ADR	$0	–	-4,635	–	-0.15%	–
L109PS	Exit	ACCESS MIDSTREAM PARTNERS LP	$0	–	-3,500	–	-0.15%	–
WMB	Exit	WILLIAMS COS INC.	$0	–	-4,045	–	-0.15%	–
TLLP	Exit	TESORO LOGISTICS LP	$0	–	-3,358	–	-0.16%	–
TLK	Exit	TELEKOMUNIK INDONESIA	$0	–	-4,990	–	-0.16%	–
MA	Exit	MASTERCARD INC CL A COMMON STOCK	$0	–	-3,265	–	-0.16%	–
DCP	Exit	DCP MIDSTREAM PARTNERS LP	$0	–	-4,809	–	-0.17%	–
BCE	Exit	BCE, INC.	$0	–	-6,135	–	-0.17%	–
EQM	Exit	EQT MIDSTREAM PARTNERS LP	$0	–	-2,975	–	-0.18%	–
LYB	Exit	LYONDELBASELL	$0	–	-2,462	–	-0.18%	–
DFS	Exit	DISCOVER FINANCIAL SERVICES COMMON STOCK	$0	–	-4,315	–	-0.18%	–
SDS	Exit	ULTRASHORT S&P 500 PROSHARES	$0	–	-11,554	–	-0.19%	–
WES	Exit	WESTERN GAS PARTNERS LP	$0	–	-3,807	–	-0.19%	–
BOE	Exit	BLACKROCK GLOBAL OPP EQTY TR	$0	–	-20,903	–	-0.20%	–
ETY	Exit	EATON VANCE TAX MANAGED DIVERSIFIED EQUITY	$0	–	-26,180	–	-0.20%	–
SEP	Exit	SPECTRA ENERGY PARTNERS LP	$0	–	-5,631	–	-0.20%	–
OKE	Exit	ONEOK INC	$0	–	-4,613	–	-0.20%	–
MCD	Exit	MCDONALDS CORP	$0	–	-3,192	–	-0.20%	–
MMT	Exit	MFS MULTIMARKET INCOME TRUST	$0	–	-48,072	–	-0.20%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-3,180	–	-0.22%	–
EFA	Exit	ISHARES MSCI EAFE ETF	$0	–	-5,285	–	-0.22%	–
BTI	Exit	BRITISH AMERICAN TOBACCO ADR	$0	–	-3,040	–	-0.23%	–
TTE	Exit	TOTAL S.A.	$0	–	-5,645	–	-0.24%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-15,776	–	-0.26%	–
ERF	Exit	ENERPLUS CORP FOREIGN EQUITIES	$0	–	-20,960	–	-0.26%	–
UN	Exit	UNILEVER NV NY SHARE	$0	–	-10,020	–	-0.26%	–
SNY	Exit	SANOFI-AVENTIS-ADR	$0	–	-7,060	–	-0.26%	–
HSBC	Exit	HSBC HOLDINGS PLC ADR	$0	–	-7,965	–	-0.27%	–
PFE	Exit	PFIZER INC	$0	–	-14,123	–	-0.28%	–
SPE	Exit	SPECIAL OPPORTUNITIES FUND	$0	–	-25,270	–	-0.28%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-5,663	–	-0.29%	–
IUSV	Exit	ISHARES RUSSELL 3000 VALUE	$0	–	-3,463	–	-0.30%	–
SXL	Exit	SUNOCO LOGISTICS LTD LP	$0	–	-9,818	–	-0.31%	–
GSK	Exit	GLAXO SMITHKLINE PLC SPONSORED ADR	$0	–	-10,320	–	-0.31%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-4,436	–	-0.32%	–
BPL	Exit	BUCKEYE PARTNERS LP	$0	–	-6,124	–	-0.32%	–
SPY	Exit	S&P 500 DEPOSITORY RECEIPTS	$0	–	-2,475	–	-0.32%	–
TSI	Exit	TCW STRATEGIC INCOME FUND	$0	–	-89,821	–	-0.33%	–
RAI	Exit	REYNOLDS AMERICAN INC COMMON STOCK	$0	–	-8,735	–	-0.34%	–
NVS	Exit	NOVARTIS AG ADR	$0	–	-5,649	–	-0.35%	–
BRKB	Exit	BERKSHIRE HATHAWAY CL B	$0	–	-3,865	–	-0.35%	–
EEM	Exit	ISHARES MSCI EMERGING MARKETS ETF	$0	–	-13,375	–	-0.37%	–
AGG	Exit	ISHARES CORE US AGGREGATE BOND	$0	–	-5,500	–	-0.40%	–
MRK	Exit	MERCK & CO INC NEW COM	$0	–	-10,145	–	-0.40%	–
RVT	Exit	ROYCE VALUE TRUST	$0	–	-42,160	–	-0.40%	–
MO	Exit	ALTRIA GROUP, INC.	$0	–	-13,575	–	-0.41%	–
NTTYY	Exit	NIPPON TELEGRAPH & TELEPHONEADR	$0	–	-20,070	–	-0.41%	–
JPM	Exit	JP MORGAN CHASE & CO	$0	–	-11,050	–	-0.44%	–
ET	Exit	ENERGY TRANSFER EQUITY LP	$0	–	-11,085	–	-0.45%	–
PAA	Exit	PLAINS ALL AMER PIPELINE LP	$0	–	-12,074	–	-0.47%	–
EVG	Exit	EATON VANCE SHORT DUR DIV	$0	–	-49,294	–	-0.48%	–
BSL	Exit	BLACKSTONE GSO SENIOR FLOAT MUTUAL FUNDS	$0	–	-44,079	–	-0.50%	–
DD	Exit	E I DUPONT DE NEMOURS & CO	$0	–	-10,557	–	-0.50%	–
ZTR	Exit	ZWEIG TOTAL RETURN FUND	$0	–	-55,117	–	-0.50%	–
ACG	Exit	ALLIANCEBERNSTEIN INCOME FUND INC	$0	–	-105,756	–	-0.52%	–
MWE	Exit	MARKWEST ENERGY PARTNERS LP	$0	–	-10,697	–	-0.54%	–
BDJ	Exit	BLACKROCK ENHANCED EQUITY DIVIDEND	$0	–	-116,234	–	-0.63%	–
ETJ	Exit	EATON VANCE RISK-MANAGED DIVERSIFIED	$0	–	-82,999	–	-0.64%	–
MMP	Exit	MAGELLAN MIDSTREAM PART LP	$0	–	-12,071	–	-0.67%	–
DRA	Exit	DIVERSIFIED REAL ASSET INCOME MUTUAL FUND	$0	–	-58,559	–	-0.68%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-25,248	–	-0.69%	–
TY	Exit	TRI-CONTINENTAL CORP	$0	–	-51,361	–	-0.71%	–
MCR	Exit	MFS CHARTER INCOME TRUST MUTUAL FUNDS	$0	–	-121,718	–	-0.71%	–
PPT	Exit	PUTNAM PREMIER INCOME TRUST	$0	–	-200,550	–	-0.72%	–
ADP	Exit	AUTOMATIC DATA PROCESSING INC	$0	–	-15,637	–	-0.86%	–
AAPL	Exit	APPLE COMPUTER INC	$0	–	-14,009	–	-0.93%	–
ABBV	Exit	ABBVIE INC	$0	–	-25,163	–	-0.96%	–
EPD	Exit	ENTERPRISE PRODUCT PARTNERS LP	$0	–	-36,861	–	-0.98%	–
GFY	Exit	WESTERN ASSET VARIABLE RATE	$0	–	-106,234	–	-1.20%	–
AEP	Exit	AMERICAN ELECTRIC POWER	$0	–	-35,640	–	-1.23%	–
MDY	Exit	SPDR S&P MIDCAP 400 ETF	$0	–	-7,544	–	-1.24%	–
BTZ	Exit	BLACKROCK CREDIT ALLOCATION INCOME	$0	–	-161,286	–	-1.42%	–
MSFT	Exit	MICROSOFT CORPORATION	$0	–	-46,397	–	-1.42%	–
EMR	Exit	EMERSON ELECTRIC CORP	$0	–	-35,795	–	-1.48%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-31,860	–	-1.61%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-26,051	–	-1.62%	–
KO	Exit	COCA COLA CO	$0	–	-58,857	–	-1.66%	–
CL	Exit	COLGATE PALMOLIVE COMPANY	$0	–	-39,032	–	-1.68%	–
T	Exit	AT&T INC	$0	–	-74,153	–	-1.72%	–
GE	Exit	GENERAL ELECTRIC CO COMMON STOCK	$0	–	-108,076	–	-1.83%	–
MMM	Exit	3M CO	$0	–	-19,948	–	-1.86%	–
WAG	Exit	WALGREEN CO.	$0	–	-50,613	–	-1.98%	–
SRV	Exit	CUSHING MLP TOTAL RETURN FUND	$0	–	-354,649	–	-2.02%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-59,776	–	-2.05%	–
CMCSA	Exit	COMCAST CORP CLASS A	$0	–	-63,082	–	-2.24%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-32,766	–	-2.30%	–
HD	Exit	HOME DEPOT INC	$0	–	-39,818	–	-2.41%	–
INTC	Exit	INTEL CORPORATION	$0	–	-110,718	–	-2.54%	–
TYG	Exit	TORTOISE ENERGY INFRASTRUCTURE COMMON STOCK	$0	–	-176,670	–	-5.61%	–
KYN	Exit	KAYNE ANDERSON MLP INVESTMENT COMPANY	$0	–	-1,155,426	–	-31.14%	–

Q3 2014

			Value		Shares		↓ Weighting
KYN	Buy	KAYNE ANDERSON MLP INVESTMENT COMPANY	$47,187,000	+3.8%	1,155,426	+0.2%	31.14%	+7.0%
TYG	Sell	TORTOISE ENERGY INFRASTRUCTURE COMMON STOCK	$8,496,000	-2.9%	176,670	-0.1%	5.61%	+0.1%
INTC	Sell	INTEL CORPORATION	$3,854,000	+9.9%	110,718	-2.5%	2.54%	+13.2%
HD	Sell	HOME DEPOT INC	$3,653,000	+7.2%	39,818	-5.4%	2.41%	+10.5%
JNJ	Sell	JOHNSON & JOHNSON	$3,492,000	+0.4%	32,766	-1.5%	2.30%	+3.5%
CMCSA	Sell	COMCAST CORP CLASS A	$3,392,000	-2.0%	63,082	-2.1%	2.24%	+1.1%
WFC	Sell	WELLS FARGO & CO	$3,100,000	-7.7%	59,776	-6.4%	2.05%	-4.8%
SRV	Sell	CUSHING MLP TOTAL RETURN FUND	$3,061,000	-9.1%	354,649	-7.0%	2.02%	-6.3%
WAG	Sell	WALGREEN CO.	$3,000,000	-20.2%	50,613	-0.2%	1.98%	-17.7%
MMM	Sell	3M CO	$2,826,000	-3.2%	19,948	-2.1%	1.86%	-0.2%
GE	Sell	GENERAL ELECTRIC CO COMMON STOCK	$2,768,000	-7.6%	108,076	-5.3%	1.83%	-4.8%
T	Buy	AT&T INC	$2,612,000	+0.2%	74,153	+0.5%	1.72%	+3.2%
CL	Sell	COLGATE PALMOLIVE COMPANY	$2,546,000	-5.6%	39,032	-1.3%	1.68%	-2.7%
KO	Buy	COCA COLA CO	$2,510,000	+1.0%	58,857	+0.4%	1.66%	+4.2%
XOM	Sell	EXXON MOBIL CORP	$2,450,000	-7.8%	26,051	-1.3%	1.62%	-4.9%
WMT	Sell	WAL-MART STORES INC	$2,436,000	-0.1%	31,860	-2.0%	1.61%	+3.0%
EMR	Sell	EMERSON ELECTRIC CORP	$2,240,000	-7.3%	35,795	-1.7%	1.48%	-4.5%
MSFT	Sell	MICROSOFT CORPORATION	$2,151,000	+9.7%	46,397	-1.3%	1.42%	+13.1%
BTZ	Buy	BLACKROCK CREDIT ALLOCATION INCOME	$2,147,000	+187.8%	161,286	+197.1%	1.42%	+196.4%
MDY	Buy	SPDR S&P MIDCAP 400 ETF	$1,881,000	-0.9%	7,544	+3.5%	1.24%	+2.1%
AEP	Sell	AMERICAN ELECTRIC POWER	$1,860,000	-8.0%	35,640	-1.7%	1.23%	-5.1%
GFY	Buy	WESTERN ASSET VARIABLE RATE	$1,813,000	+352.1%	106,234	+362.7%	1.20%	+365.4%
EPD	Buy	ENTERPRISE PRODUCT PARTNERS LP	$1,485,000	-43.1%	36,861	+10.6%	0.98%	-41.4%
ABBV	Sell	ABBVIE INC	$1,453,000	+0.3%	25,163	-2.0%	0.96%	+3.3%
AAPL	Sell	APPLE COMPUTER INC	$1,411,000	+6.9%	14,009	-1.4%	0.93%	+10.2%
ADP	Sell	AUTOMATIC DATA PROCESSING INC	$1,299,000	+2.1%	15,637	-2.6%	0.86%	+5.3%
PPT	Buy	PUTNAM PREMIER INCOME TRUST	$1,099,000	+308.6%	200,550	+313.1%	0.72%	+321.5%
MCR	New	MFS CHARTER INCOME TRUST MUTUAL FUNDS	$1,078,000	–	121,718	–	0.71%	–
TY	Buy	TRI-CONTINENTAL CORP	$1,071,000	+67.3%	51,361	+68.2%	0.71%	+72.4%
ABT	Sell	ABBOTT LABORATORIES	$1,050,000	-0.4%	25,248	-2.0%	0.69%	+2.7%
DRA	New	DIVERSIFIED REAL ASSET INCOME MUTUAL FUND	$1,038,000	–	58,559	–	0.68%	–
MMP	Sell	MAGELLAN MIDSTREAM PART LP	$1,016,000	-56.6%	12,071	-56.7%	0.67%	-55.2%
ETJ	Buy	EATON VANCE RISK-MANAGED DIVERSIFIED	$970,000	+42.9%	82,999	+41.0%	0.64%	+47.1%
BDJ	Buy	BLACKROCK ENHANCED EQUITY DIVIDEND	$953,000	+82.2%	116,234	+86.3%	0.63%	+87.8%
MWE	Sell	MARKWEST ENERGY PARTNERS LP	$822,000	-40.4%	10,697	-44.5%	0.54%	-38.6%
ACG	Buy	ALLIANCEBERNSTEIN INCOME FUND INC	$793,000	+65.2%	105,756	+65.8%	0.52%	+70.4%
ZTR	Buy	ZWEIG TOTAL RETURN FUND	$763,000	+82.1%	55,117	+89.1%	0.50%	+88.1%
BSL	New	BLACKSTONE GSO SENIOR FLOAT MUTUAL FUNDS	$756,000	–	44,079	–	0.50%	–
EVG	Buy	EATON VANCE SHORT DUR DIV	$723,000	+60.3%	49,294	+67.5%	0.48%	+65.1%
PAA	Sell	PLAINS ALL AMER PIPELINE LP	$711,000	-62.1%	12,074	-61.4%	0.47%	-61.0%
ET	Sell	ENERGY TRANSFER EQUITY LP	$684,000	-61.2%	11,085	-62.9%	0.45%	-60.0%
MO	Buy	ALTRIA GROUP, INC.	$623,000	+12.9%	13,575	+3.0%	0.41%	+16.4%
RVT	Buy	ROYCE VALUE TRUST	$611,000	+2.7%	42,160	+13.3%	0.40%	+5.8%
MRK	Buy	MERCK & CO INC NEW COM	$601,000	+4.7%	10,145	+2.2%	0.40%	+8.2%
EEM	Buy	ISHARES MSCI EMERGING MARKETS ETF	$556,000	-3.6%	13,375	+0.1%	0.37%	-0.5%
BRKB	Buy	BERKSHIRE HATHAWAY CL B	$534,000	+10.1%	3,865	+0.9%	0.35%	+13.5%
NVS	Buy	NOVARTIS AG ADR	$532,000	+4.3%	5,649	+0.3%	0.35%	+7.7%
TSI	Buy	TCW STRATEGIC INCOME FUND	$506,000	+237.3%	89,821	+229.7%	0.33%	+247.9%
BPL	Sell	BUCKEYE PARTNERS LP	$488,000	-65.2%	6,124	-63.7%	0.32%	-64.1%
KMB	Buy	KIMBERLY-CLARK CORP	$477,000	-3.0%	4,436	+0.4%	0.32%	0.0%
SXL	Sell	SUNOCO LOGISTICS LTD LP	$474,000	-62.5%	9,818	-63.4%	0.31%	-61.4%
GSK	Buy	GLAXO SMITHKLINE PLC SPONSORED ADR	$474,000	-5.6%	10,320	+9.8%	0.31%	-2.5%
COP	Buy	CONOCOPHILLIPS	$433,000	-4.2%	5,663	+7.4%	0.29%	-1.0%
PFE	Buy	PFIZER INC	$417,000	+60.4%	14,123	+61.0%	0.28%	+65.7%
CSCO	Buy	CISCO SYSTEMS INC	$397,000	+15.1%	15,776	+13.5%	0.26%	+18.6%
EFA	Buy	ISHARES MSCI EAFE ETF	$339,000	-4.8%	5,285	+1.6%	0.22%	-1.8%
MMT	Buy	MFS MULTIMARKET INCOME TRUST	$309,000	+28.2%	48,072	+32.7%	0.20%	+32.5%
MCD	Buy	MCDONALDS CORP	$303,000	+18.8%	3,192	+25.9%	0.20%	+22.7%
OKE	Sell	ONEOK INC	$302,000	-68.4%	4,613	-67.1%	0.20%	-67.5%
ETY	Sell	EATON VANCE TAX MANAGED DIVERSIFIED EQUITY	$299,000	-33.4%	26,180	-31.8%	0.20%	-31.4%
SEP	Sell	SPECTRA ENERGY PARTNERS LP	$298,000	-63.3%	5,631	-63.0%	0.20%	-62.0%
WES	Sell	WESTERN GAS PARTNERS LP	$286,000	-65.1%	3,807	-64.5%	0.19%	-64.0%
DFS	Buy	DISCOVER FINANCIAL SERVICES COMMON STOCK	$278,000	+24.1%	4,315	+19.5%	0.18%	+28.0%
EQM	Sell	EQT MIDSTREAM PARTNERS LP	$267,000	-65.8%	2,975	-63.1%	0.18%	-64.8%
DCP	Sell	DCP MIDSTREAM PARTNERS LP	$262,000	-64.7%	4,809	-63.1%	0.17%	-63.7%
MA	New	MASTERCARD INC CL A COMMON STOCK	$241,000	–	3,265	–	0.16%	–
TLLP	Sell	TESORO LOGISTICS LP	$238,000	-62.9%	3,358	-61.6%	0.16%	-61.8%
WMB	Sell	WILLIAMS COS INC.	$224,000	-65.1%	4,045	-63.3%	0.15%	-63.9%
L109PS	Sell	ACCESS MIDSTREAM PARTNERS LP	$223,000	-63.1%	3,500	-63.3%	0.15%	-62.0%
BA	Sell	BOEING CO	$213,000	-4.5%	1,670	-4.6%	0.14%	-1.4%
COST	New	COSTCO WHSL CORP	$213,000	–	1,700	–	0.14%	–
EOG	Sell	EOG RES INC	$211,000	-15.9%	2,133	-0.8%	0.14%	-13.7%
GILD	New	GILEAD SCIENCES INC	$210,000	–	1,976	–	0.14%	–
BIIB	Sell	BIOGEN IDEC INC	$209,000	-2.8%	631	-7.5%	0.14%	0.0%
FB	New	FACEBOOK INC	$205,000	–	2,597	–	0.14%	–
HON	New	HONEYWELL INTL INC COMMON STOCK	$201,000	–	2,162	–	0.13%	–
CSX	New	CSX CORP	$200,000	–	6,250	–	0.13%	–
JQC	New	NUVEEN MULTI STRATEGY INCOME & GROWTH	$196,000	–	21,987	–	0.13%	–
FCT	New	FIRST TRUST FOUR CORNERS	$171,000	–	12,599	–	0.11%	–
MIN	Buy	MFS INTERMEDIATE INC TRUST	$152,000	+102.7%	30,361	+114.6%	0.10%	+108.3%
BSP	Exit	AMERICAN STRATEGIC INCOME II	$0	–	-15,905	–	-0.09%	–
EXG	Exit	EATON VANCE TAX-MANAGED GLOBAL	$0	–	-14,070	–	-0.09%	–
MS	Exit	MORGAN STANLEY COMMON STOCK	$0	–	-6,510	–	-0.13%	–
PCP	Exit	PRECISION CASTPARTS	$0	–	-834	–	-0.14%	–
VLP	Exit	VALERO ENERGY LP	$0	–	-4,299	–	-0.14%	–
0295SC	Exit	AMERICAN SELECT PORTFOLIO	$0	–	-21,892	–	-0.15%	–
PSXP	Exit	PHILLIPS 66 PARTNERS LP	$0	–	-3,512	–	-0.17%	–
WGP	Exit	WESTERN GAS EQUITY PARTNERS LP	$0	–	-5,251	–	-0.21%	–
OILT	Exit	OILTANKING PARTNERS LP	$0	–	-4,019	–	-0.24%	–
SE	Exit	SPECTRA ENERGY CORP	$0	–	-10,570	–	-0.29%	–
NGLS	Exit	TARGA RESOURCES PARTNERS LP	$0	–	-6,520	–	-0.30%	–
MPLX	Exit	MPLX LP	$0	–	-7,284	–	-0.30%	–
GEL	Exit	GENESIS ENERGY LP	$0	–	-9,017	–	-0.32%	–
RGP	Exit	REGENCY ENERGY PART LP	$0	–	-16,438	–	-0.34%	–

Q2 2014

			Value		Shares		↓ Weighting
KYN	New	KAYNE ANDERSON MLP INVESTMENT COMPANY	$45,449,000	–	1,153,539	–	29.09%	–
TYG	New	TORTOISE ENERGY INFRASTRUCTURE COMMON STOCK	$8,746,000	–	176,860	–	5.60%	–
WAG	New	WALGREEN CO.	$3,760,000	–	50,721	–	2.41%	–
INTC	New	INTEL CORPORATION	$3,508,000	–	113,550	–	2.25%	–
JNJ	New	JOHNSON & JOHNSON	$3,479,000	–	33,252	–	2.23%	–
CMCSA	New	COMCAST CORP CLASS A	$3,460,000	–	64,463	–	2.22%	–
HD	New	HOME DEPOT INC	$3,409,000	–	42,112	–	2.18%	–
SRV	New	CUSHING MLP TOTAL RETURN FUND	$3,367,000	–	381,262	–	2.16%	–
WFC	New	WELLS FARGO & CO	$3,357,000	–	63,861	–	2.15%	–
GE	New	GENERAL ELECTRIC CO COMMON STOCK	$2,997,000	–	114,069	–	1.92%	–
MMM	New	3M CO	$2,919,000	–	20,378	–	1.87%	–
CL	New	COLGATE PALMOLIVE COMPANY	$2,696,000	–	39,542	–	1.73%	–
XOM	New	EXXON MOBIL CORP	$2,656,000	–	26,382	–	1.70%	–
EPD	New	ENTERPRISE PRODUCT PARTNERS LP	$2,610,000	–	33,334	–	1.67%	–
T	New	AT&T INC	$2,608,000	–	73,750	–	1.67%	–
KO	New	COCA COLA CO	$2,484,000	–	58,647	–	1.59%	–
WMT	New	WAL-MART STORES INC	$2,439,000	–	32,500	–	1.56%	–
EMR	New	EMERSON ELECTRIC CORP	$2,417,000	–	36,425	–	1.55%	–
MMP	New	MAGELLAN MIDSTREAM PART LP	$2,340,000	–	27,847	–	1.50%	–
AEP	New	AMERICAN ELECTRIC POWER	$2,022,000	–	36,250	–	1.29%	–
MSFT	New	MICROSOFT CORPORATION	$1,960,000	–	47,002	–	1.26%	–
MDY	New	SPDR S&P MIDCAP 400 ETF	$1,898,000	–	7,286	–	1.22%	–
PAA	New	PLAINS ALL AMER PIPELINE LP	$1,877,000	–	31,265	–	1.20%	–
ET	New	ENERGY TRANSFER EQUITY LP	$1,761,000	–	29,885	–	1.13%	–
ABBV	New	ABBVIE INC	$1,449,000	–	25,678	–	0.93%	–
BPL	New	BUCKEYE PARTNERS LP	$1,401,000	–	16,864	–	0.90%	–
MWE	New	MARKWEST ENERGY PARTNERS LP	$1,379,000	–	19,263	–	0.88%	–
AAPL	New	APPLE COMPUTER INC	$1,320,000	–	14,201	–	0.84%	–
ADP	New	AUTOMATIC DATA PROCESSING INC	$1,272,000	–	16,047	–	0.81%	–
SXL	New	SUNOCO LOGISTICS LTD LP	$1,265,000	–	26,843	–	0.81%	–
ABT	New	ABBOTT LABORATORIES	$1,054,000	–	25,763	–	0.68%	–
OKE	New	ONEOK INC	$956,000	–	14,041	–	0.61%	–
WES	New	WESTERN GAS PARTNERS LP	$820,000	–	10,727	–	0.52%	–
SEP	New	SPECTRA ENERGY PARTNERS LP	$811,000	–	15,208	–	0.52%	–
EQM	New	EQT MIDSTREAM PARTNERS LP	$781,000	–	8,071	–	0.50%	–
BTZ	New	BLACKROCK CREDIT ALLOCATION INCOME	$746,000	–	54,285	–	0.48%	–
DCP	New	DCP MIDSTREAM PARTNERS LP	$743,000	–	13,030	–	0.48%	–
DD	New	E I DUPONT DE NEMOURS & CO	$691,000	–	10,557	–	0.44%	–
ETJ	New	EATON VANCE RISK-MANAGED DIVERSIFIED	$679,000	–	58,846	–	0.44%	–
TLLP	New	TESORO LOGISTICS LP	$642,000	–	8,750	–	0.41%	–
TY	New	TRI-CONTINENTAL CORP	$640,000	–	30,541	–	0.41%	–
WMB	New	WILLIAMS COS INC.	$641,000	–	11,011	–	0.41%	–
JPM	New	JP MORGAN CHASE & CO	$637,000	–	11,050	–	0.41%	–
NTTYY	New	NIPPON TELEGRAPH & TELEPHONEADR	$626,000	–	20,070	–	0.40%	–
L109PS	New	ACCESS MIDSTREAM PARTNERS LP	$605,000	–	9,527	–	0.39%	–
AGG	New	ISHARES CORE TOTAL US BOND MARKET ETF	$602,000	–	5,500	–	0.38%	–
RVT	New	ROYCE VALUE TRUST	$595,000	–	37,205	–	0.38%	–
EEM	New	ISHARES MSCI EMERGING MARKETS ETF	$577,000	–	13,355	–	0.37%	–
MRK	New	MERCK & CO INC NEW COM	$574,000	–	9,925	–	0.37%	–
MO	New	ALTRIA GROUP, INC.	$552,000	–	13,175	–	0.35%	–
RGP	New	REGENCY ENERGY PART LP	$529,000	–	16,438	–	0.34%	–
ERF	New	ENERPLUS CORP FOREIGN EQUITIES	$528,000	–	20,960	–	0.34%	–
RAI	New	REYNOLDS AMERICAN INC COMMON STOCK	$527,000	–	8,735	–	0.34%	–
BDJ	New	BLACKROCK ENHANCED EQUITY DIVIDEND	$523,000	–	62,379	–	0.34%	–
NVS	New	NOVARTIS AG ADR	$510,000	–	5,630	–	0.33%	–
GEL	New	GENESIS ENERGY LP	$505,000	–	9,017	–	0.32%	–
GSK	New	GLAXO SMITHKLINE PLC SPONSORED ADR	$502,000	–	9,395	–	0.32%	–
KMB	New	KIMBERLY-CLARK CORP	$492,000	–	4,420	–	0.32%	–
SPY	New	S&P 500 DEPOSITORY RECEIPTS	$484,000	–	2,475	–	0.31%	–
BRKB	New	BERKSHIRE HATHAWAY CL B	$485,000	–	3,830	–	0.31%	–
ACG	New	ALLIANCEBERNSTEIN INCOME FUND INC	$480,000	–	63,785	–	0.31%	–
MPLX	New	MPLX LP	$470,000	–	7,284	–	0.30%	–
NGLS	New	TARGA RESOURCES PARTNERS LP	$469,000	–	6,520	–	0.30%	–
IUSV	New	ISHARES RUSSELL 3000 VALUE	$459,000	–	3,463	–	0.29%	–
COP	New	CONOCOPHILLIPS	$452,000	–	5,275	–	0.29%	–
EVG	New	EATON VANCE SHORT DUR DIV	$451,000	–	29,424	–	0.29%	–
ETY	New	EATON VANCE TAX MANAGED DIVERSIFIED EQUITY	$449,000	–	38,383	–	0.29%	–
SE	New	SPECTRA ENERGY CORP	$449,000	–	10,570	–	0.29%	–
UN	New	UNILEVER NV NY SHARE	$438,000	–	10,020	–	0.28%	–
SPE	New	SPECIAL OPPORTUNITIES FUND	$422,000	–	25,270	–	0.27%	–
ZTR	New	ZWEIG TOTAL RETURN FUND	$419,000	–	29,141	–	0.27%	–
TTE	New	TOTAL S.A.	$408,000	–	5,645	–	0.26%	–
HSBC	New	HSBC HOLDINGS PLC ADR	$405,000	–	7,965	–	0.26%	–
GFY	New	WESTERN ASSET VARIABLE RATE	$401,000	–	22,961	–	0.26%	–
OILT	New	OILTANKING PARTNERS LP	$380,000	–	4,019	–	0.24%	–
SNY	New	SANOFI-AVENTIS-ADR	$375,000	–	7,060	–	0.24%	–
UTX	New	UNITED TECHNOLOGIES CORP	$367,000	–	3,180	–	0.24%	–
BTI	New	BRITISH AMERICAN TOBACCO ADR	$362,000	–	3,040	–	0.23%	–
EFA	New	ISHARES MSCI EAFE ETF	$356,000	–	5,201	–	0.23%	–
CSCO	New	CISCO SYSTEMS INC	$345,000	–	13,900	–	0.22%	–
WGP	New	WESTERN GAS EQUITY PARTNERS LP	$329,000	–	5,251	–	0.21%	–
BOE	New	BLACKROCK GLOBAL OPP EQTY TR	$315,000	–	20,903	–	0.20%	–
SDS	New	ULTRASHORT S&P 500 PROSHARES	$294,000	–	11,554	–	0.19%	–
BCE	New	BCE, INC.	$278,000	–	6,135	–	0.18%	–
PPT	New	PUTNAM PREMIER INCOME TRUST	$269,000	–	48,548	–	0.17%	–
PSXP	New	PHILLIPS 66 PARTNERS LP	$265,000	–	3,512	–	0.17%	–
PFE	New	PFIZER INC	$260,000	–	8,770	–	0.17%	–
MCD	New	MCDONALDS CORP	$255,000	–	2,535	–	0.16%	–
EOG	New	EOG RES INC	$251,000	–	2,151	–	0.16%	–
LYB	New	LYONDELLABASELL COMMON STOCK	$240,000	–	2,462	–	0.15%	–
MMT	New	MFS MULTIMARKET INCOME TRUST	$241,000	–	36,238	–	0.15%	–
BHP	New	BHP BILLITON LTD ADR	$241,000	–	3,515	–	0.15%	–
0295SC	New	AMERICAN SELECT PORTFOLIO	$234,000	–	21,892	–	0.15%	–
DFS	New	DISCOVER FINANCIAL SERVICES COMMON STOCK	$224,000	–	3,610	–	0.14%	–
BA	New	BOEING CO	$223,000	–	1,750	–	0.14%	–
VLP	New	VALERO ENERGY LP	$216,000	–	4,299	–	0.14%	–
BIIB	New	BIOGEN IDEC INC	$215,000	–	682	–	0.14%	–
NVO	New	NOVO NORDISK ADR	$214,000	–	4,635	–	0.14%	–
PCP	New	PRECISION CASTPARTS	$211,000	–	834	–	0.14%	–
MS	New	MORGAN STANLEY COMMON STOCK	$210,000	–	6,510	–	0.13%	–
TLK	New	TELEKOMUNIK INDONESIA	$208,000	–	4,990	–	0.13%	–
NLY	New	ANNALY CAPITAL MANAGEMENT REIT	$202,000	–	17,710	–	0.13%	–
CVS	New	CVS CAREMARK CORP	$202,000	–	2,675	–	0.13%	–
SPXX	New	NUVEEN EQUITY PREM & GROWTH	$188,000	–	13,011	–	0.12%	–
TSI	New	TCW CONVERTIBLE SECURITIES COMMON STOCK	$150,000	–	27,242	–	0.10%	–
EXG	New	EATON VANCE TAX-MANAGED GLOBAL	$146,000	–	14,070	–	0.09%	–
BSP	New	AMERICAN STRATEGIC INCOME II	$140,000	–	15,905	–	0.09%	–
SID	New	CIA SIDERURGICA NACL ADR	$120,000	–	28,200	–	0.08%	–
USA	New	LIBERTY ALL-STAR EQUITY FUND	$77,000	–	12,737	–	0.05%	–
MIN	New	MFS INTERMEDIATE INC TRUST	$75,000	–	14,145	–	0.05%	–

Q4 2013

			Value		Shares		↓ Weighting
USA	Exit	LIBERTY ALL-STAR EQUITY FUND	$0	–	-12,737	–	-0.05%	–
SID	Exit	CIA SIDERURGICA NACL ADR	$0	–	-28,200	–	-0.09%	–
EXG	Exit	EATON VANCE TAX-MANAGED GLOBAL	$0	–	-14,070	–	-0.10%	–
NHF	Exit	NEXPOINT CREDIT STRATEGIES	$0	–	-19,660	–	-0.11%	–
PPT	Exit	PUTNAM PREMIER INCOME TRUST	$0	–	-31,219	–	-0.12%	–
SPXX	Exit	NUVEEN EQUITY PREM & GROWTH	$0	–	-13,011	–	-0.13%	–
ETV	Exit	EATON VANCE T/M BUY-WRITE OP	$0	–	-13,580	–	-0.13%	–
SPIL	Exit	SILICONWARE PRECISION ADR	$0	–	-32,249	–	-0.14%	–
NLY	Exit	ANNALY CAPITAL MANAGEMENT REIT	$0	–	-17,710	–	-0.15%	–
TYC	Exit	TYCO INT'L LTD W/I	$0	–	-5,970	–	-0.15%	–
CODI	Exit	COMPASS DIVERSIFIED HLDGS LP	$0	–	-12,090	–	-0.16%	–
TLK	Exit	TELEKOMUNIK INDONESIA	$0	–	-6,160	–	-0.16%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL INC	$0	–	-2,665	–	-0.17%	–
COST	Exit	COSTCO WHSL CORP	$0	–	-2,000	–	-0.17%	–
HTZ	Exit	HERTZ GLOBAL	$0	–	-10,580	–	-0.17%	–
GFY	Exit	WESTERN ASSET VARIABLE RATE	$0	–	-13,897	–	-0.17%	–
NVO	Exit	NOVO NORDISK ADR	$0	–	-1,401	–	-0.18%	–
EOG	Exit	EOG RES INC	$0	–	-1,409	–	-0.18%	–
MMT	Exit	MFS MULTIMARKET INCOME TRUST	$0	–	-36,238	–	-0.18%	–
GSK	Exit	GLAXO SMITHKLINE PLC SPONSORED ADR	$0	–	-5,070	–	-0.19%	–
UN	Exit	UNILEVER NV NY SHARE	$0	–	-6,965	–	-0.19%	–
EQM	Exit	EOT MIDSTREAM PARTNERS LP	$0	–	-5,484	–	-0.20%	–
MPLX	Exit	MPLX LP	$0	–	-7,458	–	-0.20%	–
NOV	Exit	NATIONAL OILWELL VARCO INC	$0	–	-3,485	–	-0.20%	–
SPE	Exit	SPECIAL OPPORTUNITIES FUND	$0	–	-16,132	–	-0.21%	–
BOE	Exit	BLACKROCK GLOBAL OPP EQTY TR	$0	–	-20,903	–	-0.22%	–
MCD	Exit	MCDONALDS CORP	$0	–	-3,230	–	-0.23%	–
SDS	Exit	ULTRASHORT S&P500 PROSHARES	$0	–	-8,612	–	-0.23%	–
RTN	Exit	RAYTHEON COMPANY	$0	–	-4,115	–	-0.23%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-13,900	–	-0.24%	–
OKE	Exit	ONEOK INC	$0	–	-6,125	–	-0.24%	–
EFA	Exit	ISHARES MSCI EAFE ETF	$0	–	-5,201	–	-0.24%	–
SE	Exit	SPECTRA ENERGY CORP	$0	–	-9,725	–	-0.25%	–
GEL	Exit	GENESIS ENERGY LP	$0	–	-6,666	–	-0.25%	–
BTI	Exit	BRITISH AMERICAN TOBACCO ADR	$0	–	-3,255	–	-0.25%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-3,180	–	-0.25%	–
ABB	Exit	ABB LTD - ADR	$0	–	-14,830	–	-0.26%	–
HAS	Exit	HASBRO INC	$0	–	-7,460	–	-0.26%	–
SNY	Exit	SANOFI-AVENTIS-ADR	$0	–	-7,055	–	-0.26%	–
WMB	Exit	WILLIAMS COS INC.	$0	–	-9,841	–	-0.26%	–
TTE	Exit	TOTAL S.A.	$0	–	-6,250	–	-0.27%	–
BDJ	Exit	BLACKROCK ENHANCED EQUITY DIVIDEND	$0	–	-49,205	–	-0.27%	–
ACG	Exit	ALLIANCEBERNSTEIN INCOME FUND INC	$0	–	-53,544	–	-0.28%	–
ZTR	Exit	ZWEIG TOTAL RETURN FUND	$0	–	-29,141	–	-0.28%	–
ETY	Exit	EATON VANCE TAX MANAGED DIVERSIFIED EQUITY	$0	–	-38,383	–	-0.29%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-5,600	–	-0.29%	–
IUSV	Exit	ISHARES RUSSELL 3000 VALUE	$0	–	-3,463	–	-0.29%	–
HSBC	Exit	HSBC HOLDINGS PLC ADR	$0	–	-7,280	–	-0.29%	–
ETP	Exit	ENERGY TRANSFER PARTNERS LP	$0	–	-7,633	–	-0.29%	–
NVS	Exit	NOVARTIS AG ADR	$0	–	-5,290	–	-0.30%	–
MO	Exit	ALTRIA GROUP, INC.	$0	–	-12,010	–	-0.30%	–
SPY	Exit	S&P 500 DEPOSITORY RECEIPTS	$0	–	-2,475	–	-0.31%	–
TLLP	Exit	TESORO LOGISTICS LP	$0	–	-7,235	–	-0.31%	–
NGLS	Exit	TARGA RESOURCES PARTNERS LP	$0	–	-8,254	–	-0.31%	–
EEM	Exit	ISHARES MSCI EMERGING MARKETS ETF	$0	–	-10,430	–	-0.31%	–
DD	Exit	E I DUPONT DE NEMOURS & CO	$0	–	-7,477	–	-0.32%	–
DCP	Exit	DCP MIDSTREAM PARTNERS LP	$0	–	-9,337	–	-0.34%	–
BRKB	Exit	BERKSHIRE HATHAWAY CL B	$0	–	-4,279	–	-0.36%	–
SEP	Exit	SPECTRA ENERGY PARTNERS LP	$0	–	-11,156	–	-0.36%	–
TY	Exit	TRI-CONTINENTAL CORP	$0	–	-26,841	–	-0.36%	–
MRK	Exit	MERCK & CO INC NEW COM	$0	–	-10,385	–	-0.36%	–
RGP	Exit	REGENCY ENERGY PART LP	$0	–	-17,523	–	-0.37%	–
JPM	Exit	JP MORGAN CHASE & CO	$0	–	-9,730	–	-0.37%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-5,700	–	-0.40%	–
VOD	Exit	VODAFONE GROUP PLC ADR	$0	–	-15,315	–	-0.40%	–
RVT	Exit	ROYCE VALUE TRUST	$0	–	-33,655	–	-0.40%	–
ETJ	Exit	EATON VANCE RISK-MANAGED DIVERSIFIED	$0	–	-51,353	–	-0.41%	–
AGG	Exit	ISHARES CORE TOTAL US BOND MARKET ETF	$0	–	-5,500	–	-0.44%	–
BTZ	Exit	BLACKROCK CREDIT ALLOCATION INCOME	$0	–	-45,312	–	-0.44%	–
WES	Exit	WESTERN GAS PARTNERS LP	$0	–	-9,952	–	-0.44%	–
BA	Exit	BOEING CO	$0	–	-5,470	–	-0.47%	–
4945SC	Exit	KINDER MORGAN ENERGY PTRS LP	$0	–	-8,446	–	-0.50%	–
L109PS	Exit	ACCESS MIDSTREAM PARTNERS LP	$0	–	-14,733	–	-0.52%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-25,763	–	-0.63%	–
2108SC	Exit	EL PASO PIPELINE PARTNERS LP	$0	–	-20,741	–	-0.65%	–
BPL	Exit	BUCKEYE PARTNERS LP	$0	–	-13,813	–	-0.67%	–
SXL	Exit	SUNOCO LOGISTICS LTD LP	$0	–	-13,644	–	-0.67%	–
AAPL	Exit	APPLE COMPUTER INC	$0	–	-2,174	–	-0.76%	–
ET	Exit	ENERGY TRANSFER EQUITY LP	$0	–	-16,770	–	-0.81%	–
MWE	Exit	MARKWEST ENERGY PARTNERS LP	$0	–	-15,507	–	-0.83%	–
ABBV	Exit	ABBVIE INC	$0	–	-25,678	–	-0.85%	–
ADP	Exit	AUTOMATIC DATA PROCESSING INC	$0	–	-16,047	–	-0.86%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHINES	$0	–	-7,020	–	-0.96%	–
MDY	Exit	SPDR S&P MIDCAP 400 ETF	$0	–	-5,958	–	-0.99%	–
PAA	Exit	PLAINS ALL AMER PIPELINE LP	$0	–	-28,160	–	-1.09%	–
MSFT	Exit	MICROSOFT CORPORATION	$0	–	-46,987	–	-1.15%	–
AEP	Exit	AMERICAN ELECTRIC POWER	$0	–	-37,740	–	-1.21%	–
MMP	Exit	MAGELLAN MIDSTREAM PART LP	$0	–	-31,991	–	-1.33%	–
EPD	Exit	ENTERPRISE PRODUCT PARTNERS LP	$0	–	-31,330	–	-1.41%	–
KO	Exit	COCA COLA CO	$0	–	-57,112	–	-1.60%	–
T	Exit	AT&T INC	$0	–	-66,685	–	-1.66%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-30,660	–	-1.67%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-26,482	–	-1.68%	–
CL	Exit	COLGATE PALMOLIVE COMPANY	$0	–	-38,782	–	-1.70%	–
EMR	Exit	EMERSON ELECTRIC CORP	$0	–	-36,520	–	-1.74%	–
MMM	Exit	3M CO	$0	–	-20,612	–	-1.82%	–
INTC	Exit	INTEL CORPORATION	$0	–	-114,920	–	-1.94%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-111,385	–	-1.96%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-65,096	–	-1.98%	–
WAG	Exit	WALGREEN CO.	$0	–	-51,654	–	-2.05%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-32,312	–	-2.07%	–
CMCSA	Exit	COMCAST CORP CLASS A	$0	–	-65,318	–	-2.17%	–
SRV	Exit	CUSHING MLP TOTAL RETURN FUND	$0	–	-381,262	–	-2.24%	–
HD	Exit	HOME DEPOT INC	$0	–	-42,149	–	-2.36%	–
KYN	Exit	KAYNE ANDERSON MLP INVESTMENT COMPANY	$0	–	-1,408,459	–	-37.24%	–

Q3 2013

			Value		Shares		↓ Weighting
KYN	Sell	KAYNE ANDERSON MLP INVESTMENT COMPANY	$50,479,000	-8.5%	1,408,459	-0.7%	37.24%	-6.3%
HD	Buy	HOME DEPOT INC	$3,197,000	-0.0%	42,149	+2.1%	2.36%	+2.4%
CMCSA	Sell	COMCAST CORP CLASS A	$2,946,000	+7.4%	65,318	-0.6%	2.17%	+10.0%
JNJ	Sell	JOHNSON & JOHNSON	$2,801,000	-1.9%	32,312	-2.8%	2.07%	+0.5%
WAG	Buy	WALGREEN CO.	$2,778,000	+26.0%	51,654	+3.5%	2.05%	+29.0%
WFC	Buy	WELLS FARGO & CO	$2,689,000	+0.7%	65,096	+0.6%	1.98%	+3.1%
GE	Buy	GENERAL ELECTRIC CO	$2,660,000	+368.3%	111,385	+354.5%	1.96%	+379.7%
INTC	Sell	INTEL CORPORATION	$2,634,000	-5.8%	114,920	-0.4%	1.94%	-3.5%
MMM	Sell	3M CO	$2,461,000	+8.6%	20,612	-0.5%	1.82%	+11.3%
EMR	Sell	EMERSON ELECTRIC CORP	$2,363,000	+18.4%	36,520	-0.2%	1.74%	+21.2%
CL	Sell	COLGATE PALMOLIVE COMPANY	$2,299,000	+3.0%	38,782	-0.5%	1.70%	+5.5%
XOM	Sell	EXXON MOBIL CORP	$2,278,000	-5.2%	26,482	-0.5%	1.68%	-2.9%
WMT	Sell	WAL-MART STORES INC	$2,267,000	-5.2%	30,660	-4.5%	1.67%	-3.0%
T	Sell	AT&T INC	$2,255,000	-4.9%	66,685	-0.4%	1.66%	-2.5%
KO	Sell	COCA COLA CO	$2,163,000	-12.1%	57,112	-6.9%	1.60%	-10.0%
EPD	Sell	ENTERPRISE PRODUCT PARTNERS LP	$1,912,000	-6.7%	31,330	-5.0%	1.41%	-4.4%
MMP	Buy	MAGELLAN MIDSTREAM PART LP	$1,805,000	+4.0%	31,991	+0.4%	1.33%	+6.6%
AEP	Sell	AMERICAN ELECTRIC POWER	$1,636,000	-3.5%	37,740	-0.3%	1.21%	-1.1%
MSFT	Sell	MICROSOFT CORPORATION	$1,563,000	-4.0%	46,987	-0.3%	1.15%	-1.7%
PAA	Buy	PLAINS ALL AMER PIPELINE LP	$1,483,000	-4.2%	28,160	+1.5%	1.09%	-1.9%
MDY	Sell	SPDR S&P MIDCAP 400 ETF	$1,348,000	+6.7%	5,958	-0.9%	0.99%	+9.2%
IBM	Sell	INTERNATIONAL BUSINESS MACHINES	$1,300,000	-4.2%	7,020	-1.1%	0.96%	-1.8%
ADP	Sell	AUTOMATIC DATA PROCESSING INC	$1,161,000	+4.6%	16,047	-0.5%	0.86%	+7.3%
ABBV	Sell	ABBVIE INC	$1,148,000	+7.4%	25,678	-0.7%	0.85%	+10.0%
MWE	Buy	MARKWEST ENERGY PARTNERS LP	$1,120,000	+15.6%	15,507	+7.0%	0.83%	+18.3%
ET	Sell	ENERGY TRANSFER EQUITY LP	$1,103,000	+5.2%	16,770	-4.3%	0.81%	+7.8%
AAPL	Sell	APPLE COMPUTER INC	$1,036,000	+18.0%	2,174	-1.8%	0.76%	+20.9%
BPL	Sell	BUCKEYE PARTNERS LP	$905,000	-8.0%	13,813	-1.6%	0.67%	-5.8%
2108SC	Sell	EL PASO PIPELINE PARTNERS LP	$876,000	-22.1%	20,741	-19.5%	0.65%	-20.2%
ABT	Sell	ABBOTT LABORATORIES	$855,000	-5.5%	25,763	-0.7%	0.63%	-3.2%
L109PS	Sell	ACCESS MIDSTREAM PARTNERS LP	$712,000	-8.4%	14,733	-9.6%	0.52%	-6.2%
4945SC	Sell	KINDER MORGAN ENERGY PTRS LP	$674,000	-20.8%	8,446	-15.2%	0.50%	-18.9%
BA	Buy	BOEING CO	$643,000	+34.8%	5,470	+17.4%	0.47%	+37.8%
RVT	Buy	ROYCE VALUE TRUST	$542,000	+7.3%	33,655	+1.0%	0.40%	+9.9%
JPM	Sell	JP MORGAN CHASE & CO	$503,000	-13.6%	9,730	-11.7%	0.37%	-11.5%
RGP	Buy	REGENCY ENERGY PART LP	$501,000	+6.4%	17,523	+0.3%	0.37%	+9.1%
SEP	Sell	SPECTRA ENERGY PARTNERS LP	$490,000	-8.2%	11,156	-4.0%	0.36%	-6.2%
DCP	Sell	DCP MIDSTREAM PARTNERS LP	$464,000	-8.5%	9,337	-0.5%	0.34%	-6.3%
DD	Buy	E I DUPONT DE NEMOURS & CO	$438,000	+14.4%	7,477	+2.4%	0.32%	+17.0%
NGLS	Sell	TARGA RESOURCES PARTNERS LP	$425,000	-2.5%	8,254	-4.5%	0.31%	0.0%
TLLP	Buy	TESORO LOGISTICS LP	$420,000	+9.9%	7,235	+14.6%	0.31%	+12.7%
NVS	Sell	NOVARTIS AG ADR	$406,000	-2.9%	5,290	-10.6%	0.30%	-0.3%
COP	Buy	CONOCOPHILLIPS	$389,000	+32.8%	5,600	+15.8%	0.29%	+36.0%
WMB	Sell	WILLIAMS COS INC.	$358,000	-25.7%	9,841	-33.7%	0.26%	-23.9%
HAS	Sell	HASBRO INC	$352,000	-6.4%	7,460	-11.1%	0.26%	-4.1%
UTX	Buy	UNITED TECHNOLOGIES CORP	$343,000	+64.9%	3,180	+42.0%	0.25%	+68.7%
SE	New	SPECTRA ENERGY CORP	$333,000	–	9,725	–	0.25%	–
GEL	New	GENESIS ENERGY LP	$334,000	–	6,666	–	0.25%	–
OKE	New	ONEOK INC	$327,000	–	6,125	–	0.24%	–
CSCO	Buy	CISCO SYSTEMS INC	$326,000	+4.5%	13,900	+8.5%	0.24%	+7.1%
MCD	Sell	MCDONALDS CORP	$311,000	-24.0%	3,230	-21.8%	0.23%	-22.4%
NOV	New	NATIONAL OILWELL VARCO INC	$272,000	–	3,485	–	0.20%	–
MPLX	Buy	MPLX LP	$272,000	+3.4%	7,458	+4.3%	0.20%	+6.3%
EQM	New	EOT MIDSTREAM PARTNERS LP	$270,000	–	5,484	–	0.20%	–
MMT	Buy	MFS MULTIMARKET INCOME TRUST	$240,000	+2.1%	36,238	+2.9%	0.18%	+4.7%
EOG	Sell	EOG RES INC	$239,000	+17.7%	1,409	-8.8%	0.18%	+20.5%
NVO	Sell	NOVO NORDISK ADR	$237,000	+4.4%	1,401	-4.4%	0.18%	+7.4%
HTZ	Sell	HERTZ GLOBAL	$234,000	-15.8%	10,580	-5.6%	0.17%	-13.5%
PM	Sell	PHILIP MORRIS INTERNATIONAL INC	$231,000	-5.7%	2,665	-5.6%	0.17%	-3.4%
TYC	Sell	TYCO INT'L LTD W/I	$209,000	-2.3%	5,970	-8.1%	0.15%	0.0%
USA	Sell	LIBERTY ALL-STAR EQUITY FUND	$69,000	-18.8%	12,737	-21.9%	0.05%	-16.4%
KFN	Exit	KKR FINANCIAL HOLDINGS LLC LP	$0	–	-18,535	–	-0.14%	–
WGP	Exit	WESTERN GAS EQUITY PARTNERS LP	$0	–	-5,346	–	-0.16%	–
BIIB	Exit	BIOGEN IDEC INC	$0	–	-1,042	–	-0.16%	–
SYY	Exit	SYSCO CORP	$0	–	-62,283	–	-1.53%	–

Q2 2013

			Value		Shares		↓ Weighting
KYN	New	KAYNE ANDERSON MLP INVESTMENT COMPANY	$55,170,000	–	1,418,972	–	39.74%	–
HD	New	HOME DEPOT INC	$3,198,000	–	41,275	–	2.30%	–
SRV	New	CUSHING MLP TOTAL RETURN FUND	$3,065,000	–	381,262	–	2.21%	–
JNJ	New	JOHNSON & JOHNSON	$2,855,000	–	33,247	–	2.06%	–
INTC	New	INTEL CORPORATION	$2,795,000	–	115,400	–	2.01%	–
CMCSA	New	COMCAST CORP CLASS A	$2,743,000	–	65,698	–	1.98%	–
WFC	New	WELLS FARGO & CO	$2,671,000	–	64,726	–	1.92%	–
KO	New	COCA COLA CO	$2,462,000	–	61,372	–	1.77%	–
XOM	New	EXXON MOBIL CORP	$2,403,000	–	26,602	–	1.73%	–
WMT	New	WAL-MART STORES INC	$2,392,000	–	32,110	–	1.72%	–
T	New	AT&T INC	$2,370,000	–	66,979	–	1.71%	–
MMM	New	3M CO	$2,266,000	–	20,722	–	1.63%	–
CL	New	COLGATE PALMOLIVE COMPANY	$2,233,000	–	38,982	–	1.61%	–
WAG	New	WALGREEN CO.	$2,205,000	–	49,894	–	1.59%	–
SYY	New	SYSCO CORP	$2,127,000	–	62,283	–	1.53%	–
EPD	New	ENTERPRISE PRODUCT PARTNERS LP	$2,049,000	–	32,965	–	1.48%	–
EMR	New	EMERSON ELECTRIC CORP	$1,996,000	–	36,590	–	1.44%	–
MMP	New	MAGELLAN MIDSTREAM PART LP	$1,736,000	–	31,861	–	1.25%	–
AEP	New	AMERICAN ELECTRIC POWER	$1,695,000	–	37,860	–	1.22%	–
MSFT	New	MICROSOFT CORPORATION	$1,628,000	–	47,137	–	1.17%	–
PAA	New	PLAINS ALL AMER PIPELINE LP	$1,548,000	–	27,740	–	1.12%	–
IBM	New	INTERNATIONAL BUSINESS MACHINES	$1,357,000	–	7,101	–	0.98%	–
MDY	New	SPDR S&P MIDCAP 400 ETF	$1,263,000	–	6,011	–	0.91%	–
2108SC	New	EL PASO PIPELINE PARTNERS LP	$1,125,000	–	25,761	–	0.81%	–
ADP	New	AUTOMATIC DATA PROCESSING INC	$1,110,000	–	16,127	–	0.80%	–
ABBV	New	ABBVIE INC	$1,069,000	–	25,848	–	0.77%	–
ET	New	ENERGY TRANSFER EQUITY LP	$1,048,000	–	17,530	–	0.76%	–
BPL	New	BUCKEYE PARTNERS LP	$984,000	–	14,034	–	0.71%	–
MWE	New	MARKWEST ENERGY PARTNERS LP	$969,000	–	14,495	–	0.70%	–
ABT	New	ABBOTT LABORATORIES	$905,000	–	25,933	–	0.65%	–
AAPL	New	APPLE COMPUTER INC	$878,000	–	2,214	–	0.63%	–
SXL	New	SUNOCO LOGISTICS LTD LP	$873,000	–	13,644	–	0.63%	–
4945SC	New	KINDER MORGAN ENERGY PTRS LP	$851,000	–	9,961	–	0.61%	–
L109PS	New	ACCESS MIDSTREAM PARTNERS LP	$777,000	–	16,298	–	0.56%	–
WES	New	WESTERN GAS PARTNERS LP	$646,000	–	9,952	–	0.46%	–
AGG	New	ISHARES LEHMAN AGG BOND FD	$590,000	–	5,500	–	0.42%	–
BTZ	New	BLACKROCK CREDIT ALLOCATION INCOME	$588,000	–	45,312	–	0.42%	–
JPM	New	JP MORGAN CHASE & CO	$582,000	–	11,025	–	0.42%	–
GE	New	GENERAL ELECTRIC CO	$568,000	–	24,505	–	0.41%	–
ETJ	New	EATON VANCE RISK-MANAGED DIVERSIFIED	$560,000	–	51,353	–	0.40%	–
KMB	New	KIMBERLY-CLARK CORP	$554,000	–	5,700	–	0.40%	–
SEP	New	SPECTRA ENERGY PARTNERS LP	$534,000	–	11,617	–	0.38%	–
DCP	New	DCP MIDSTREAM PARTNERS LP	$507,000	–	9,382	–	0.36%	–
RVT	New	ROYCE VALUE TRUST	$505,000	–	33,309	–	0.36%	–
MRK	New	MERCK & CO INC NEW COM	$482,000	–	10,385	–	0.35%	–
WMB	New	WILLIAMS COS INC.	$482,000	–	14,846	–	0.35%	–
TY	New	TRI-CONTINENTAL CORP	$480,000	–	26,841	–	0.35%	–
BRKB	New	BERKSHIRE HATHAWAY CL B	$479,000	–	4,279	–	0.34%	–
BA	New	BOEING CO	$477,000	–	4,660	–	0.34%	–
RGP	New	REGENCY ENERGY PART LP	$471,000	–	17,473	–	0.34%	–
VOD	New	VODAFONE GROUP PLC - ADR	$440,000	–	15,315	–	0.32%	–
NGLS	New	TARGA RESOURCES PARTNERS LP	$436,000	–	8,647	–	0.31%	–
MO	New	ALTRIA GROUP, INC.	$420,000	–	12,010	–	0.30%	–
NVS	New	NOVARTIS AG - ADR	$418,000	–	5,915	–	0.30%	–
MCD	New	MCDONALDS CORP	$409,000	–	4,130	–	0.30%	–
EEM	New	ISHARES MSCI EMERGING MARKET INDEX	$402,000	–	10,430	–	0.29%	–
ACG	New	ALLIANCEBERNSTEIN INCOME FUND INC	$399,000	–	53,544	–	0.29%	–
SPY	New	S&P 500 DEPOSITORY RECEIPTS	$397,000	–	2,475	–	0.29%	–
ETY	New	EATON VANCE TAX MANAGED DIVERSIFIED EQUITY	$390,000	–	38,383	–	0.28%	–
ETP	New	ENERGY TRANSFER PARTNERS LP	$386,000	–	7,633	–	0.28%	–
DD	New	E I DUPONT DE NEMOURS & CO	$383,000	–	7,301	–	0.28%	–
TLLP	New	TESORO LOGISTICS LP	$382,000	–	6,315	–	0.28%	–
IUSV	New	ISHARES RUSSELL 3000 VALUE	$379,000	–	3,463	–	0.27%	–
HSBC	New	HSBC HOLDINGS PLC ADR	$378,000	–	7,280	–	0.27%	–
HAS	New	HASBRO INC	$376,000	–	8,390	–	0.27%	–
ZTR	New	ZWEIG TOTAL RETURN FUND	$375,000	–	29,141	–	0.27%	–
BDJ	New	BLACKROCK ENHANCED EQUITY DIVIDEND	$374,000	–	49,205	–	0.27%	–
SNY	New	SANOFI-AVENTIS-ADR	$363,000	–	7,055	–	0.26%	–
SDS	New	ULTRASHORT S&P 500 PROSHARES	$352,000	–	8,612	–	0.25%	–
BTI	New	BRITISH AMERICAN TOBACCO ADR	$335,000	–	3,255	–	0.24%	–
ABB	New	ABB LTD - ADR	$321,000	–	14,830	–	0.23%	–
CSCO	New	CISCO SYSTEMS INC	$312,000	–	12,815	–	0.22%	–
TTE	New	TOTAL S.A.	$304,000	–	6,250	–	0.22%	–
EFA	New	ISHARES MSCI EAFE INDEX FUND	$298,000	–	5,201	–	0.22%	–
COP	New	CONOCOPHILLIPS	$293,000	–	4,835	–	0.21%	–
BOE	New	BLACKROCK GLOBALOPP EQTY TR	$282,000	–	20,903	–	0.20%	–
HTZ	New	HERTZ GLOBAL	$278,000	–	11,205	–	0.20%	–
UN	New	UNILEVER NV NY SHARE	$274,000	–	6,965	–	0.20%	–
SPE	New	SPECIAL OPPORTUNITIES FUND	$273,000	–	16,132	–	0.20%	–
RTN	New	RAYTHEON COMPANY	$272,000	–	4,115	–	0.20%	–
MPLX	New	MPLX LP	$263,000	–	7,148	–	0.19%	–
TLK	New	TELEKOMUNIK INDONESIA	$263,000	–	6,160	–	0.19%	–
GSK	New	GLAXO SMITHKLINE PLC SPONSORED ADR	$253,000	–	5,070	–	0.18%	–
PM	New	PHILLIP MORRIS INTERNATIONAL INC	$245,000	–	2,824	–	0.18%	–
GFY	New	WESTERN ASSET VARIABLE RATE	$239,000	–	13,897	–	0.17%	–
MMT	New	MFS MULTIMARKET INCOME TRUST	$235,000	–	35,208	–	0.17%	–
NVO	New	NOVO NORDISK ADR	$227,000	–	1,466	–	0.16%	–
BIIB	New	BIOGEN IDEC INC	$224,000	–	1,042	–	0.16%	–
NLY	New	ANNALY CAPITAL MANAGEMENT REIT	$223,000	–	17,710	–	0.16%	–
COST	New	COSTCO WHSL CORP	$221,000	–	2,000	–	0.16%	–
WGP	New	WESTERN GAS EQUITY PARTNERS LP	$220,000	–	5,346	–	0.16%	–
TYC	New	TYCO INT'L LTD W/I	$214,000	–	6,495	–	0.15%	–
CODI	New	COMPASS DIVERSIFIED HLDGS LP	$212,000	–	12,090	–	0.15%	–
UTX	New	UNITED TECHNOLOGIES CORP	$208,000	–	2,240	–	0.15%	–
EOG	New	EOG RES INC	$203,000	–	1,545	–	0.15%	–
SPIL	New	SILICONWARE PRECISION ADR	$202,000	–	32,249	–	0.14%	–
KFN	New	KKR FINANCIAL HOLDINGS LLC LP	$196,000	–	18,535	–	0.14%	–
SPXX	New	NUVEEN EQUITY PREM & GROWTH	$180,000	–	13,011	–	0.13%	–
ETV	New	EATON VANCE T/M BUY-WRITE OP	$177,000	–	13,580	–	0.13%	–
PPT	New	PUTNAM PREMIERE INCOME TRUST	$167,000	–	31,219	–	0.12%	–
NHF	New	NEXPOINT CREDIT STRATEGIES	$155,000	–	19,660	–	0.11%	–
EXG	New	EATON VANCE TAX-MANAGED GLOBAL	$130,000	–	14,070	–	0.09%	–
USA	New	LIBERTY ALL-STAR EQUITY FUND	$85,000	–	16,309	–	0.06%	–
SID	New	CIA SIDERURGICA NACL ADR	$78,000	–	28,200	–	0.06%	–

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